Intro Infinity Capital, a hedge fund, holds $55 million of Apple stock. A fund manager believes that Apple's stock price is going to fall over the coming month, with an alpha of 2.3%. The futures contract multiplier is 200 , and the S\&P 500 index value is 2,100 . The risk-free rate is 1.9%. The output of the regression of monthly returns on Apple stock against the S\&P 500 index is presented in the table. Part 1 Attempt 1/20 for 10 pts. If the hedge fund manager wants to hedge market exposure over the next month, how many futures contracts should she trade (enter a positive number to buy and a negative number to sell the specified number of contracts)? Part 2 Attempt 1/20 for 10 pts. What is the standard deviation of the monthly return of the hedged portfolio? What is the expected rate of return of the hedged portfolio? Intro Infinity Capital, a hedge fund, holds $55 million of Apple stock. A fund manager believes that Apple's stock price is going to fall over the coming month, with an alpha of 2.3%. The futures contract multiplier is 200 , and the S\&P 500 index value is 2,100 . The risk-free rate is 1.9%. The output of the regression of monthly returns on Apple stock against the S\&P 500 index is presented in the table. Part 1 Attempt 1/20 for 10 pts. If the hedge fund manager wants to hedge market exposure over the next month, how many futures contracts should she trade (enter a positive number to buy and a negative number to sell the specified number of contracts)? Part 2 Attempt 1/20 for 10 pts. What is the standard deviation of the monthly return of the hedged portfolio? What is the expected rate of return of the hedged portfolio