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On January 1, Ramesh Jewellers estimates that they would require 250 kg of silver on March 1. The spot price of silver on January 1

On January 1, Ramesh Jewellers estimates that they would require 250 kg of silver on March 1. The spot price of silver on January 1 is INR 26,500, and futures are available on silver with a contract size of 30 kg. The price of February futures with delivery on February 25 is INR 27,230, and the price of March futures with delivery on March 28 is INR 28,320. The standard deviation of spot prices changes is 940, and the standard deviation of futures price changes is also 940. The correlation of the price changes is 1. Calculate the result of hedging using February futures and March futures. How

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