You own a very diversified portfolio of stocks. You are concerned about the whole market going down in the near future, and you want to protect against this with a futures contract. a. What is your position in the cash market for stocks? b. What futures contract could you use to hedge this risk? c. What position would you take in the futures market? You do not now own any stocks, but you just won a large amount of money and plan to buy a large, diversified portfolio. You are worried that the stock market will rise quickly before you can buy. a. What is your position in the cash market for stocks? b. What futures contract could you use to hedge this risk? c. What position would you take in the futures market?