Today is June 15th and firm RAIDER plans to purchase 200,000 shares of firm TARGET on July 15th. TARGET shares currently trade at $43 and have a beta of 0.96. RAIDER plans to hedge this transaction using August S&P 500 futures contracts (250 = multiplier). The current futures price is 980. How exactly should RAIDER hedge this transaction (include the number of futures in this answer)? What is the effective price that RAIDER pays for the shares if on July 15th the shares sell for $50 and the futures price is 1100? Round to 2 decimals