A manufacturer's profit model is expressed by (ST) = 140-5.ST, nine months from today. The interest rate is 6%. How can you hedge the volatility, if we have the following information on forward and options contracts: a. Use only forward b. Use only put option c. Use only call option d. Use put & call simultaneously Describe your conclusion as to which option listed about produces the BEST result. r = 6%; T= 9m = 0.75; Forward: Fo,0.75 = 19 Put option: K= 18, P(18, 0.75) = 1.150 Call Option: K = 20, C(20, 0.75) = 1.345