> Question 40 1 pts For 37-40: You manage a $ 15 million hedge fund portfolio with beta = 1.2 and alpha = 2% per year. Assume the risk-free rate is 2% per year and the current value of the S&P 500 Index is 1,500. You want to exploit the positive alpha, but you are afraid that the stock market may fall and you want to hedge your portfolio by selling 3-month S&P 500 future contracts. The S&P contract multiplier is $250. How much is the portfolio expected to be worth 3 months from now? $16,000,000 $15,150,000 $15,450,000 $15,000,000