10 pts Question 45 Hedging Problem: Consider the following hedging scenario. A farmer in Central Illinois hedges her growing corn on July 1st. The farmer anticipates harvesting and selling the corn on October 15th. Assume the farmer goes through with the hedge on July 1st, and gets out of the hedge on October 15th (selling her corn in the cash market and simultaneously getting out of the hedge). Using the following cash / futures T-table, answer a) through h) as listed below. Show your work where needed. Partial credit will be given where appropriate. a) futures position on July 1 b) futures position on Oct 15 c) gain or loss on the cash side of transaction nn the futures side of transaction a) b) futur ition on Oct 15 c) gain us on the cash side of transaction d) gain or loss on the futures side of transaction e) basis on July 1 f) basis on Oct 15 g) the final price received h) briefly describe if there was a basis gain or basis loss, by how much, and why. Cash Futures Basis 5.55 e) 5.50 a) 1-Jul Long 4.37 f) 4.35 b) 15-Oct Short d) c) )