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Question 34 2 pts The Good Joe Company wants to hedge the sale of 3 million pounds of raw coffee beans over the coming year.

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Question 34 2 pts The Good Joe Company wants to hedge the sale of 3 million pounds of raw coffee beans over the coming year. One coffee futures contract is for the delivery of 37,500 pounds of coffee. How can the company hedge the transaction using futures? a) Should the company long or short the futures contract? Please input long or short in lower case. Your answer: b) How many futures contracts should the company trade? Please input only the number of contracts to trade; round the number to the nearest whole number. Your

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