You manage an equity portfolio worth $5, 000, 000 with a CAPM B of 0.85. You want to increase the CAPM B of your portfolio. To accomplish this goal, you instruct an execution trader to enter into 50 long one-year E-mini futures contracts. E-mini futures have a contract size of 50 units of the S&P 500 index. The one-year E-mini futures price is $2, 500. Assume there is no arbitrage. If the trader executes your order of 50 long one-year E-mini contracts, what is the new CAPM B of your portfolio? Round your answer to three decimal places.

You manage an equity portfolio worth $5,000,000 with a CAPM of 0.85 . You want to increase the CAPM of your portfolio. To accomplish this goal, you instruct an execution trader to enter into 50 long one-year E-mini futures contracts. E-mini futures have a contract size of 50 units of the S\&P 500 index. The one-year E-mini futures price is $2,500. Assume there is no arbitrage. If the trader executes your order of 50 long one-year E-mini contracts, what is the new CAPM B of your portfolio? Round your answer to three decimal places