a Suppose I am a coffee producer (i.e. I sell coffee ). Assume my breakeven price for coffee is $1.55 / lb. i. If I want to lock in a selling price for coffee, what futures position should I take? What prot have I locked in? ii. I would like to protect myself against drops in the July price of coffee but still benet if the July price of coffee rises. What option position should I take if I want a $1.65/1b. oor on my selling price? What is the lowest \"all-in\" price (i.e. the net cost or revenue from the option plus the revenue from the coffee) that I will receive for the coffee? Draw the prot diagram with and Without the oor. At what July spot price for coffee does the hedged position start to do better than the unhedged position? iii. How would I get a collar with a $1.60 oor and a $1.70 cap? Draw the prot diagram for the collar. At what July spot price for coffee does the collar start to do better than the unhedged position? b Suppose I am a Starbucks (i.e., I buy coffee). Assume my break-even price for coffee is $1.70/lb. i. If I want to lock in a buying price for coffee, what futures position should I take? What prot have I locked in? ii. I would like to protect myself against increases in the July price of coffee but still benet if the July price of coffee drops. What option position should I take if I want a $1.70 / lb. cap on my coffee costs? What is the highest \"all-in\" price that I will pay for the coffee? iii. How would I get a collar with a $1.60 oor and a $1.65 cap