Use the table below for E-mini S&P 500 futures. Spot price as of 2/28/18 is 2714.50, each E-mini S&P500 contract is for $50 x index.

Month	Futures Price
Mar-2018	2718.75
Jun-2018	2724.50
Sep-2018	2728.50
Dec-2018	2734.25
Mar-2018	2756.00

You have a $5 million equity portfolio and decide to hedge it using forwards expiring in 306 days (in December 2018). Sixty (60) days later market conditions change and you decide to close your hedge. If the S&P 500 is now 2443 how much would you get for your December 2018 futures contracts. Assume the risk-free rate is now 1.5% and the expected dividend yield is 2.0%, both stated on a continuous compounded basis. Pick the closest answer.

Group of answer choices

2715

2443

2435

2422