A company will buy 1000 units of a certain commodity in one year. It decides to hedge 30 % of its exposure using futures contracts. Spot price and futures price are currently $100 and $90. The one year futures price of the commodity is $90. If the spot price and the futures price in one year turn out to be $112 and $110, respectively, what is the average price paid for the commodity? $96 a. $92 $102 O c. $106 d