Use the table below for E-min 56P 500 Futures Spot price as of 2/28/18 is 2714.50. each E-mini S&P500 contract is for $50 x Index Futures Price 2718.75 Month Mar 2018 Jun-2016 Sep-2018 2724 50 2728 50 Dec 2015 2734.25 Mar 2018 2756.00 You have a 55 million equity portfolio and decide to hedge it using forwards expiring in 30 days in December 2018). Sixty Coy days later market conditions change and you decide to close your hedge. If the S&P 500 is now 2443 how much would you for your December 2018 futures contracts. Assume the risk.free nate now 15 and the expected dividend yield is 20%, both stated on a continuous compounded basis. Pick the closest answer 2715 0 2400 2405 2422 Question 4 1 pts