微信扫一扫
实时资讯全掌握
|
An investor has an $80 million stock portfolio with a beta of 1.1. He would like to partially hedge his portfolio using S&P 500 futures contracts. The contracts are currently trading at 596.70. The futures contract has a multiple of 250. Which of the following is the CORRECT trade to reduce the portfolio beta by 50 percent? A. Sell 295 contracts. B. Sell 590 contracts. C. Buy 295 contracts. |