You are holding call options on a stock. The stock's beta is 07, and you are concerned that the stock market is about to fall. The stock is currently selling for $13 and you hold 1 million options on the stock (ie, you hold 10.000 contracts for 100 shares each). The option delta is 0.75. How much of the market index portfolio must you buy or sell to hedge your market exposure? (Enter your answer in dollar not in millions.) Market Index portfolio to