Question: Please!! I am exams now Question 1/15 (1) Answer is mandatory A company has a $11 million portfolio with a beta of 1.5. Futures contracts

Please!! I am exams now
Question 1/15 (1) Answer is mandatory A company has a $11 million portfolio with a beta of 1.5. Futures contracts on $250 times the S&P 500 index can be traded. The S&P 500 index future price is currently trading at $1100. What trade is necessary to reduce beta to 1.0? O Long 45 contracts Short 45 contracts O Short 30 contracts O Long 30 contracts SUBMIT
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