In December 2021,a company expects to buy 100,000 pounds of copper before the end of March 2022, but does not know exactly when. To hedge against volatile copper prices, 3 it implements a rolling forward hedge by taking a long position on two-month maturity copper futures, only held for 1 month, and roll over to the next available futures contract Calendar$ per pound. Suppose that the company purchased the copper in March 2022 in the end. Describe the hedging strategy for the company. Be specific on when future is longer if the company still has not purchased the copper by then. The company wants to hedge 50% of its exposure. One futures contract is for 25,000 pounds of copper and is quoted in D short and how many futures contracts are used.