Problem 9 Intro You manage a stock portfolio worth $249 million with a beta of 1.4. 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 2.967 Part 1 Attempt 3/8 for 10 pts. How many S&P 500 index futures contracts do you need to minimize the risk (rounded to the nearest Integer)? Enter a positive number for buying and a negative number for selling the contracts. Ordedmall Previous answers: 469.96, 469.969666329626 Submit Part 2 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 1.4 to 0.7 (rounded to the nearest integer)? Enter a positive number for buying and a negative number for selling the contracts. p+ decimals Submit