Problem 8 >> Intro You manage a stock portfolio worth $66 million with a beta of 1.2. You want to hedge the risk of a stock market downturn by using S&P 500 index futures contracts with a contract multiplier of 250. The current level of the S&P 500 index is 2,864. Attempt 1/3 for 10 pts. Part 1 What should you do to minimize the risk of your portfolio? Sell S&P 500 index futures Buy S&P 500 index futures Submit Part 2 Attempt 1/8 for 10 pts. How many S&P 500 index futures contracts do you need to trade to minimize the risk (rounded to the nearest integer)? 0+ decimals Submit Part 3 Attempt 1/8 for 10 pts. How many S&P 500 index futures contracts do you need to trade to reduce the beta of the portfolio from 12 to 0.8 (rounded to the nearest Integer)? 0+ decimals Submit