A jeweler has contracted to sell a silver ornament to a distributor for 22 in one year. The ornament requires one ounce of silver, and has a fixed production cost of 2 per ornament. The possible prices of silver in one year and their probabilities are given below. 3. Silver Price per ounce18 Probability 19 0.3 20 0.4 0.3 The jeweler also has the option of entering a forward contract which will guarantee the purchase of silver for 19 per ounce in one year. What's the difference between the profit obtained using the forward hedge and the expected profit without hedging