A. Futures are overpriced by 0.28%. The risk-free rate is 2.89%. What should be the return of a cost-of-carry long hedge held to maturity? Please use two decimal places for your answer.

B. Futures are under-priced by 0.62%. The risk-free rate is 2.97%. What should be the return of a cost-of-carry short hedge held to maturity? Please use two decimal places for your answer.

C. Suppose that the ratio of the volatility of futures price changes to spot price changes for Commodity A is 1.18, and the correlation between the futures price changes and spot price changes is 0.94. What hedge ratio should be used when hedging exposure to commodity A? Please use two decimal places for your answer.