How to get $8,571.72

The current price of the Exchange Traded Fund YHT, which does not pay dividends, is \$12.5 per share. Your position, worth 8750 dollars, consists entirely of YHT shares. The effective 3-month interest rate is 0.25% and futures contracts on YHT with 3 month maturity are trading at fair value. To protect your position against potential losses, you decide to partially hedge by selling 595YHT futures that expire in 3 months. You have built a proprietary model according to which the 3-month net return on YHT will be between 15% and 17%. What is the lowest possible value of your combined position in 3 months based on your model? $8571.72 $8228.85 $7885.98 $7714.55