1. Compute the daily payoffs from your hedging position in c), assuming the futures position is closed out after five trading days, i.e., at the market close on June 30, 2016. For simplicity, further assume that one can invest into fractions of the index. Plot the time series of (i) the unhedged index and (ii) the hedged index position from January 4, 2016,2to September 16, 2016, and indicate boththe date of the Brexit vote and the end of the hedging period.Report the final value of the hedged index position on September 16, 2016.(4 points)