1 2 3 4 5 Soru 2. It is July 16. Mr. A has a portfolio of stocks worth of $10 million. The historical data for the portfolio return and the stock market index (S&P500) return during the last 6 months are given in the table. He would like to use the CME December futures contract on the S&P500 to change the beta of the portfolio to 0.5 during the period July 16 to November 16. The index futures price is 1000 and each contract is on $250 times the index. What position should Mr. A take? Return of the Portfolio Return of the S&P500 % Month 1 -5 4 2 3 5 3 7 5 4 -2 -1 5 -2 7 6 7 9 Yantnz: O Short 16 contracts O Short 20 contracts Short 5 contracts o Short 13 contracts Long 13 contracts a Aramak iin buraya yazn 9 3 1 2 3 4 5 Soru 2. It is July 16. Mr. A has a portfolio of stocks worth of $10 million. The historical data for the portfolio return and the stock market index (S&P500) return during the last 6 months are given in the table. He would like to use the CME December futures contract on the S&P500 to change the beta of the portfolio to 0.5 during the period July 16 to November 16. The index futures price is 1000 and each contract is on $250 times the index. What position should Mr. A take? Return of the Portfolio Return of the S&P500 % Month 1 -5 4 2 3 5 3 7 5 4 -2 -1 5 -2 7 6 7 9 Yantnz: O Short 16 contracts O Short 20 contracts Short 5 contracts o Short 13 contracts Long 13 contracts a Aramak iin buraya yazn 9 3