The S&P Index price is 1925.28 and its annualized dividend yield is 2.40%. LIBOR is 3%. How

Question:

The S&P Index price is 1925.28 and its annualized yield is 2.40%. LIBOR is 3%. How many futures contracts will you need to hedge a $25 million with a beta of 1.9 for one year? Show your work!
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their... Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...