question help pls

16. A company has long position in a $20 million portfolio with a beta of 1.25. The index is currently at 900 Futures contracts on $250 times the index can be traded. What trade is necessary to reduce the portfolio beta a Long: 111 contracts d. Long: 33 contracts b. Short; 31 contracts e Short; 22 contracts Short; 111 contracts c. 17. Futures contract margin accounts are settled for gains and losses a. daily b. weekly c. monthly d. quarterly at maturity