It is impossible to hedge sorghum crop because it is not listed in the commodity exchange True False Question 20 (1 point) If you want protection against falling prices, you would buy a a put option O a call option both put and call options Need Help? none of the above Question 15 (1 point) A put option gives the owner the right but not the obligation to sell a futures contract at a fixed price, also known as a strike price. True False Question 16 (1 point) By purchasing a put option, the price a seller receives for the commodity by exercising the option is: Net Price = Strike Price + Basis + Option Price True False Question 17 (1 point) If a call option is purchased and the hog buyer exercises this option, the price the hog buyer receives is: Net Price = Strike Price + Basis + + Option Price. O True False Question 18 (1 point) If the option is not exercised, in question 17 above, then the buyer simply purchases from the spot market, paying the spot price, plus the cost of the option. True False Need Help