Question 24 (3 points) Indicate whether a long or short hedge is needed. If no hedge is needed choose "neither" Remember that all trades are on the CBOT. A banker has a firm commitment to lend a customer $2 million in July 2006 at 8% interest. The customer can decide whether to take the money in July. short Olong Oneither Question 25 (3 points) Saved Indicate whether a long or short hedge is needed. If no hedge is needed choose "neither" Remember that all trades are on the CBOT. A farmer is growing a crop to be sold at harvest next May. Oshort O long neither