(Solved): All else being equal, identify the portfolio that needs the greatest number of index put options to ...

All else being equal, identify the portfolio that needs the greatest number of index put options to hedge the entire portfolio. a. $1 million portfolio with a beta of 0.8. b. $2 million portfolio with a beta of 0.8. c. $1 million portfolio with a beta of 1.2. d. $2 million portfolio with a beta of 1.2.