Stock portfolio currently holds the following investments: Stock Investment (million$) Beta Alpha Co. 1 1.6...

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Accounting

Stock portfolio currently holds the following investments:

Stock Investment (million$) Beta

Alpha Co. 1 1.6

Gamma Inc. 2.3 2.9

Theta Corp. 2.7 1.35

Phi Inc. 0.5 0.37

How many S&P e-mini contracts do you have to buy /sell to adjust the portfolio beta to 1.2?

The e-mini is currently trading at 2,300 with a $50 contract multiplier.

Provide your answer rounded to an integer with a negative sign indicating a sell (no + sign for a buy).

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