Question 12 (1 point) Which of the following statements is correct? (More than one answer is possible.) Question 12 options: A speculator owns or planes to buy the underlying asset, a hedger does not. A hedger owns or planes to buy the underlying asset, a speculator does not. An airline buying long oil futures is an example of hedging. A politician buying cattle futures is an example of speculation.

Question 13 (1 point) You purchase a long call option giving you the right to buy 100 shares of Isher Corporation for a total premium of $2,000. The strike price on the option is $26 and the final stock price is $68. What is your profit or loss?