Next question It is April, and Hans Anderson is planting his barley crop near Plunkett, Saskatchewan. He is concerned about losing his fishis operations result in a loss at the end of the season He expects to harvest 3,000 tonnes of barley and sell it in October. Futures contracts are available for October delivery with a futures price of $200 per tonne. Options with strike price of $200 per tonne are also available, puts cost $16 and cats cost $18. a Describe how Hans can fully hedge using futures contracts 5. Given the strategy in (a), what will be the totut not amount received by Hans (for all 3,000 tonnea) if the price of barley in October in as follows: 1. $150 per tonne $200 per tonne, il $250 personne c. Describe how Hans can fully hedge using options d. Given the strategy in (o) what wil be the total net amount received by Hans (for all 3,000 tonnes) 1 the price of barloy in October is as follows: 1. $150 per tonnell. $200 personne, H 5250 per tonne e. Hann has asked for your advice regarding hedging. Discuss how the each of the following individually wil influence your advice L. Hann does not expect to have much cash available between May and September 1. Hans think there is a 20% chance his crop will be destroyed by hat before he has a chance to harvestit Ill. Hans's farming business will go bankrupt if his net revenues in October do not cover his costs. He estimates his costs will be $600,000. If his business goes bankrupt