5) A fund manager has a portfolio worth S60 million with a bea of 0.82 The manager is concerned about the performance of the market over the next month and plans to use three-month future contracte on the S&P 500 to hedge the risk. The current level of the index 1,000, me contraction 250 the Index, the risk-free rate is 3.59 per am, and the end yield on the index is per The current 3 months prices 3,045. The find mortalesa position in S&P 500 index future to climi half of the exposure to the market over the next month Calculate the cost of your strategy on thd find manager du if the level of the market in one months 2.80 ad-futa price is 0254-higher than the index level in nem 5) A fund manager has a portfolio worth S60 million with a bea of 0.82 The manager is concerned about the performance of the market over the next month and plans to use three-month future contracte on the S&P 500 to hedge the risk. The current level of the index 1,000, me contraction 250 the Index, the risk-free rate is 3.59 per am, and the end yield on the index is per The current 3 months prices 3,045. The find mortalesa position in S&P 500 index future to climi half of the exposure to the market over the next month Calculate the cost of your strategy on thd find manager du if the level of the market in one months 2.80 ad-futa price is 0254-higher than the index level in nem