The questions are in the screenshot. Thank you

awe-013.0043, 13403333 Futures and Options Figlewski [1.7. Your $250 million stock portfolio has a beta of 1.05 with respect to the S&P 500 index. The S&P index today is 2200. What futures position would you take to reduce your overall portfolio beta to 0.6? (Assume there is no basis risk between the S&P future and the underlying index.) Arbitrage [1.3. The short term risk free interest rate is currently 2.00 percent in the US. and 1.00 percent in Switzerland. The spot exchange rate is $09500 per Swiss franc. a. What should the 6 month forward exchange rate be to eliminate the possibility of protable arbitrage? b. If the 6 month forward exchange rate is actually 0.9750, what arbitrage trade should you set up? (Be sure you specify all parts of the trade) Assume the size of your position will be either $1 million or 1 million Swiss francs (pick whichever is more convenient for you). How much is the arbih'age prot on the trade? c. Explain fully what you will do to unwind the arbitrage at maturity in 6 months so that your arbitrage prot is locked in