Modern Portfolio Managers (MPM) hold a 9.5 million dollar portfolio of stocks with a beta of 1.2 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. If MPM wishes to hedge the systematic risk in its portfolio, how many contracts must it buy or sell? O Sell 45.116 Sell 0.51069 Buy 45.116 Buy 0.51069 Sell 37.596