The following table gives data on monthly changes in the certain commodity. Use the data to calculate

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The following table gives data on monthly changes in the certain commodity. Use the data to calculate a minimum Spot price change Futures price change Spot price change Futures price change

+0.50

+0.56

+0.04

-0.06

+0.61

+0.63

+0.15

+0.01 i

spot price and variance hedge

-0.22

-0.12

+0.70

+0.80 the futures ratio.

-0.35

-0.44

-0.51

-0.56 price for a

+0.79

+0.60

-0.41

-0.46

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