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1. Gel decides now to sell its future production by entering into a forward contract with Kev for delivery to Kev of 150,000 pounds of

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1. Gel decides now to sell its future production by entering into a forward contract with Kev for delivery to Kev of 150,000 pounds of coffee in one year at price of $ 100 per pounds. Please complete the table below: Market price per pound Forward price per pound Un hedge gain/loss Economic gain/loss on forward Eonomic income with hedge $ 100 S 120 $ 100 $ 90 $ 80 100

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