Agricorp produces and sells corn. The firm is concerned about price volatility in the corn market during the coming year. Which of the following is a strategy for hedging this exposure? a. Buy put options on corn. b. Enter into a forward contract in which the firm agrees to buy corn at a fixed price in the future. c. Buy corn futures contracts d. Buy call options on corn. e. None of the above Which of the following statements is false regarding forward and futures contracts? a. Forward contracts are less liquid than futures contracts. b. Forward contracts are transacted on organized exchanges. c. Forward contracts generally have greater default risk than futures contracts. d. Forward contracts entail the physical delivery of the underlying asset