A company has a $10 million portfolio with beta of 1.2. How can it use the SP500 futures contract (with a multiplier of 500) to create an optimal hedge against a stock decline and what is the hedged return? The futures index is 1000. o Short 20 SP500 futures contracts for a risk-free return while hedged o Short 24 SP500 futures contracts for a risk-free return while hedged o Short 20 SP500 futures contracts for a return of 0% while hedged o Short 24 SP500 futures contracts for a return of 0% while hedged