Modern Portfolio Managers $(MPM)$ hold $a8\mathrm{.}0$ million dollar portfolio $of$ stocks with $a$

beta $of\mathrm{.}65$ measured with respect $to$ the $S$&$P500$ index. The current value $of$ a futures

contract $on$ the index $is1045.2.$ The multiplier $on$ the futures equals $$250.IfMPM$ wishes

$to$ increase its systematic risk $in$ its portfolio $to.85,$ how many contracts must $it$ buy $or$

sell?

Group $of$ answer choices

Sell $6\mathrm{.}1232$

Buy $6\mathrm{.}1232$

Sell $0\mathrm{.}10452$

Buy $26\mathrm{.}13$

Buy $26\mathrm{.}024$