6.Stock index futuresIn the summer of 1998, a stoc

kjobberdecided to hedge stocks while HSI was falling (market value of stocks is 5million HK dollars)down. The HSI futures margin requirement is 20%, each point50 HK dollar, the HSI is 10050 on that day.1) How did the stockjobber make hedge forhis stock assets with HSI futures ？2) Two weeks later, the HSI jumped down to8300, (market value of stocks became 4.3 million HK dollars ), the stockjobberdecided to finish his hedge, so, how much assets would he has.