A money manager invested in iShares Russell 2000 Index ETF Fund (Ticker: IWM). The current value of her portfolio is $1 million. On April 18, 2022, she decided to use futures contracts to hedge the stock portfolio against a decline in market value in next one month. a. Suggest the best futures contract she should choose to hedge her portfolio. b. Should she take a long or short (buy or sell) position? c. How many contracts will be needed to hedge the portfolio? d. How much money (margin balance) will she have to come up to open the futures position? e. Calculate the daily values of the investment with and without futures position for the period between April 18 and April 29, 2022.