It is March 2017. You are a mining firm, and you will have 200,000 ounces of gold ready for sale in September 2017. You decide to hedge October 2017 gold futures contract. Questions 1a. Compute a hedge ratio, using the daily data. 1b. What is the size of the hedge, using daily data? (100 ounces per contract) 2a. Compute a hedge ratio, using the weekly data. 2b. What is the size of the hedge, using weekly data? 3a. Should we take the hedge? 3b. Why or why not? NOTE: Daily and weekly data will be provided later. Please use excel solving this problem & post it with the formula sheet, not just the numbers. Thank you