Question 12 (4 points) The manager of a blue chip growth stock mutual fund is trying to fully hedge the $800 million portfolio position during the last two months of the calendar year. The current price of the S&P 500 Index futures contract is 1005. If the mutual fund has a beta of 0.92, how many contracts will be needed to hedge the fund? 251,250 2,929 O 3,184 796,019