Question 3 - Part (A) What position and number of Index Futures contracts are needed to reduce the Beta of the portfolio from 1.7 to 0 (with * = 0)? In your answer, provide the position (long or short) and the number of contacts of Index Futures. Hint: review Class #5 presentation, pp. 17 to 20 and online class examples. Question 3 - Part (B) What position and number of Index Futures contracts are needed to reduce the Beta of the portfolio from 1.7 to 0.5 (with * = 0.5)? In your answer, provide the position (long or short) and the number of contacts of Index Futures. Hint: review Class #5 presentation, pp. 17 to 20 and online class examples. Question 3 - Part (C) What position and number Index Futures contracts are needed to increase the Beta of the portfolio from 1.7 to 2.5 (with * = 2.5)? In your answer, provide the position (long or short) and the number of contacts of Index Futures.