Part 5 The S&P 500 futures contract is on $250 times the price of the index and the current price of the futures index 2,973. Construct a hedge currently worth $150,000,000. The hedge position is for an individual who owns the portfolio portfolio that is identical to the S&P 500 which is on a In addition, calculate what position would be needed to change the portfolio 's B (beta) to 0.5. Part 5 The S&P 500 futures contract is on $250 times the price of the index and the current price of the futures index 2,973. Construct a hedge currently worth $150,000,000. The hedge position is for an individual who owns the portfolio portfolio that is identical to the S&P 500 which is on a In addition, calculate what position would be needed to change the portfolio 's B (beta) to 0.5