(d) Irrespective of your recommendations in parts (b) and (c) above, assume that OceanaGold wishes to hedge 100 percent of its gold deposits with exchange traded futures or options. Provide a schedule that shows: the risk you are hedging against the number of futures and/or option contracts that would be required the reason for choosing futures or options the contract months used whether you are going long or short futures and, in the case of options, whether you are buying puts or calls the option strike prices that you recommend and the premium costs involved. (Note: in responding to part (d) you only have to implement the hedgeyou do not need to calculate any hypothetical future outcome). In this section you must show all calculations and include your responses in a table format as presented in the following. (10%) Format for calculations Please include calculations of the number of contracts in the appropriate cell. Type of risk Exposure to be hedged Proportion of the exposure to be hedged Derivatives i.e. futures or options Explain the choice of derivative instrument/strategy Number of contracts Contract months Long/short/put/call Spike prices, premiums/futures prices, etc. Format for calculations (2019) created by Swinburne Online