Question 7 1 pts A company has a $36 million portfolio with a beta of 1.2. The futures price for a contract on the S&P index is 2149. Futures contracts on $250 times the index can be traded. How many futures contracts does the company need to go long or short to reduce the beta to 0.9? Note: use a positive number to indicate a long position, and a negative number to indicate a short position Question8 1 pts A company has a $36 million portfolio with a beta of 1.2. The futures price for a contract on the S&P index is 2149. Futures contracts on $250 times the index can be traded. How many futures contracts does the company need to go long or short to increase the beta to 1.8 Note: use a positive number to indicate a long position, and a negative number to indicate a short position Question9 1 pts What rate of interest with continuous compounding is equivalent to 15% per annum with monthly compounding? Answer as a percent with two decimal place accuracy. Please do not include the percentage sign (%)-for example, if the answer is 12.00% per annum, simply write 12.00