cost $25 and calls cost $18. Complete parts (a) through (e). a. Describe how AOR can fully hedge using oil futures contracts. 'A. AOR can hedge by taking a long position in futures for 400,000 barrels of oil for September delivery. B. AOR can wait until prices rise in the future. C. AOR can hedge by taking a short position in futures for 400,000 barrels of oil for September delivery. D. AOR can hedge by taking an intermediate position in futures for 400,000 barrels of oil for September delivery. i. At $60 per barrel. the total net amount paid by AOR is $ nillion. ii. At $110 per barrel, the total net amount paid by AOR is million. iii. At $160 per barrel, the total net amount paid by AOR is $ million. (Round your answers to the nearest whole number.)