A Qud Question 3 of 3 20 Points You are managing an equity portfolio, currently valued at $100 million. You are concerned about the volatile market condition and decide to hedge your position using the S&P 500 stock index futures contract. The beta of your portfolio is 0.6 and the S&P 500 index is currently at 1200. How many S&P 500 index futures contracts should you buy or sell to fully hedge your equity portfolio Show your work Maximum number of characters (including HTML tags added by text editor): 32,000 Show Rich Text Editor and character count