Question 13 6.25 pts Modern Portfolio Managers (MPM) hold a 5.0 million dollar portfolio of stocks with a beta of 1.15 measured with respect to the S&P 500 index. The current value of a futures contract on the index is 1053. 4. The multiplier on the futures equals $250. If MPM wishes to hedge the systematic risk in its portfolio, how many contracts must it buy or sell? Buy 21.834 Sell .96914 O Sell 21.834 O Buy.96914 Sell 18.986