1. You are the manager of a car company and you estimate that you need 50,000 tons of steel to produce cars thus year. how do you completely hedge your exposure to fluctuations in golbel steel pricees?Explain.How do you hedge your exposure to fluctuations in globel steel prices if you insted were the manager of a steel producer?Explain.

2. "Real estate cannot be lost of stolen, nor can it be carried away.Purchased with common sense, paid for in full, and reasonable care, it is about the safest investement in the world", agree to this statement or not ?