Mrs Jones who is an investor wns 55.000 truy in silver. She decides to hedhet position 6-month silver futures contracts. The six-month futures price per troy ounces 526.7. The Spot price of silver per troy ounce is $28.7. Each futures contract is on 5,000 troy ou. The chanell in the spot price of silver has a standard deviation of 0.43. The change in silver futures prices as a standard deviation of 0.40. The spot and futures have a coefficient of correlation of 0.95. a) The minimum variance hedge ratio is Select b) The optimal number of futures contracts without tailing the hedge is Select) c) The optimal number of futures contracts with tailing the hedge is Select (Please round to two decimal places even though fractional futures contracts cannot be traded) All three parts are of equal value