You own a portfolio which is valued at $12 million and which has a beta of 15. You would like to create a riskless portfolio by hedging with S&P 500 futures contracts. The contract size is $250 times the index level, How many futures contracts do you need to acquire if the current S&P 500 index is 3600? Select one: Short 34 contracts b. Short 20 contracts 0 Long 20 contracts d. Short 41 contracts . . Long 34 contracts