The Malin Investment Trust Company plans to liquidate part of its stock portfolio in June. It would like to hedge the portfolio sale. The portfolio the company plans to sell is well diversified, has a beta of $1\mathrm{.}5,$ and is currently worth $$100$ million. The S&P $500$ spot index is currently at $3,000,$ and a June S&P $500$ futures contract is currently at $3,000$ with a $$250$ multiplier.