& Moving to another question will save this response. Question 15 of 25 Question 15 A company has a $10 million portfolio with beta of 1.2. How can it use the SP500 futures contract (with a multiplier of 500) to create an optimal hedge against a stock decline and what is the hedged return? The futures Index is 1000. 4 points Save As Short 20 SP500 futures contracts for a risk-free return while hedged Short 20 SP500 futures contracts for a return of 0% while hedged Short 24 SP500 futures contracts for a return of 0% while hedged Short 24 SP500 futures contracts for a risk-free return while hedged ME DELL