Q2. Consider a stock portfolio consisting of shares of 4 firms. Their values today, AUG 10, 2021 in the portfolio are $3,000,000;$2,500,000;$2,500,000 and $2,000,000. Their respective betas with the SP500 index are: 1.4;1.7;1.3 and 0.7. The respective returns on these stocks over last year were: 11%;5%;4% and 2%. 2.1 Calculate the portfolio's beta. 2.2 Calculate the portfolio's annual rate of return. 2.3 Today, AUG 10, 21, the price of the DEC2021 SP500 Index futures is: FOCT30,DEC=4,500. The SP500 Index futures dollar multiplier is $250. Use a time table and show how to open a two-month hedge to protect the portfolio value using h=.8