An investor's portfolio with a beta of 1.50 is worth $1 million. The current S&P500 price is $2000. The current price on the S&P500 futures (each contract is on $50 times the index) is $2400. How many futures contracts will the investor need and what position will he/she take to completely hedge away the market's impact on the portfolio? Long 2 futures contracts O Short 13 Contracts Long 13 Contracts Short 2 futures contracts