b. You are the chief nancial ofcer in a company that uses coffee as the core ingredient in its product. You knownT you will require 15G,0{JCI pounds of coffee on December 2th0 ZGZD to meet a certain contract- The spot price of coffee $115.45 cents per pound and each contract is for the delivery of 25,008' pounds of coffee. Show how.r you intend to use futures contracts to hedge your position if i) the price of coffee turns out to be $110.95 per pound ii} the price of coffee turns out to be $122.05 per pound