No Spac... Hea 5 12 Paragraph 111213141516171819 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 35 13 S NE 6. Equity futures hedging: A company has a $350 million portfolio with B = 1.2 with respect to the S&P 500. The September e-mini S&P contract is currently price $4,394.50 What trade is necessary to achieve the following indicate the number of contracts and whether the contracts are bought or sold): No. of Buy/sell Contracts a) Eliminate all systematic risk, i.e., reduce beta to zero b) Reduce beta to 0.75 c) Increase beta to 2.0