LIBOR is O An uncollateralized rate O A rate where the credit risk is relative high O The rate implicit in a transaction where securities are sold and bought back later at a higher price O A rate used when borrowing and lending takes place between banks. A company has a $11 million portfolio with a beta of 1.5. Futures contracts on $250 times the index can be traded. The index future price is currently trading at $1100. What is the minimum variance hedge ratio? 0.228 O 1.0 4.4 1.5