NEED HELP WITH THSI QUESTION!! WITH EXPLANATIONS

- Which of the following statements is/are true? i. A company has a $36 million portfolio with beta 1.1. The stock index futures price is currently at 900 and the multiplier is $250. 64 contracts have to be bought to increase the beta of the portfolio to 1.5. ii. When a hedger uses futures contracts to manage risk, it does not matter whether futures contracts are bought or sold as long the correct number of contracts are traded in. A. i only B. ii only C. Both of the above D. None of the above