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The stimulus package that the Congress put into law recently has some economists worried about a spike in inflation and the impact of that on

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The stimulus package that the Congress put into law recently has some economists worried about a spike in inflation and the impact of that on the markets in the near future. Your investment advisor suggests that you neutralize the market risk of your portfolio by investing in index futures. The June E-Mini S&P 500 futures contract trades currently at 3960 and has a multiply of $50. Your portfolio is worth $750,000 and it has a beta of 1.3. If you want to reduce to a minimum your exposure to market risk until June, how many June E-Mini S&P 500 contracts do you have to enter into? Please enter a positive number if your futures position is long and negative if short. 0-246 00 0-5 0 246 5

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