Assume you are a corn farmer who anticipates harvesting and selling about 100,000 bushels or Corn in the autumn. Assume you think that prices are currently high, $2.40 per bushel, and you want to hedge yourself. Discuss two possible hedging strategies :(1) based on futures / forwards, and(2) based on options. Assume that the relevant positions have contract prices or exercise prices of $2.50 per bushel. The price of the option is $ 0.12(12 cents) per bushel. Indicate how your real position, derivative position, and overall outcome depends on the final corn price and on the hedging strategy. In each case, you might indicate the outcomes if corn next Autumn turns out to be $2.00 or $2.50 or $3.00 per bushel. You should give part of the numerical answer in per bushel terms, AND some of the$$answer based on100,000 bushels