Modern Portfolio Managers (MPM) hold a 9.5 million dollar portfolio of stocks with a beta of 12 measured with respect to the S&P 500 index. The current value of a futures contract on the index is 1010.7. The multiplier on the futures equals $250. 16 MPM wishes to hedge the systematic risk in its portfolio, how many contracts must it buy or sell? amous Sell 45136 Sll051049 Buy 45116 Box051049 Sell 37596