#4 Cardinal Farming is expected to have 400,000 bushels of corn in 1 month. Corn sells for $8 a bushel today. The forward rate on a 2-month future (5000 bushels) is $7.9. In 1 month, the spot rate is $7.7. In 1 month, the forward rate on the future is $7.75. Cardinal farming is afraid that will happen to the price. Cardinal farming should (buy/sell) (number) of contracts. Cardinal farming will have an opportunity of $ Cardinal farming will have a of on their futures. Cardinal farming will receive a total of $