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Q3. JJW holds 50,000 shares of stock AAA. AAA stock trades today for $30/share. JJW decides to use the E-Mini S&P500 index futures for the

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Q3. JJW holds 50,000 shares of stock AAA. AAA stock trades today for $30/share. JJW decides to use the E-Mini S&P500 index futures for the next 3 months to hedge the price fluctuations of AAA stock. Today, the 5-month E-Mini S&P500 index futures price is 1,500; its $m = $50. AAA stock's beta with this index is 1.3. Use a time table to show how JJW opens a minimum variance hedge ratio hedge today

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