Question 5 (1 point) Cal-Maine, a large egg distributor should do which of the following in order to reduce the company s exposure to risk associated with fluctuations in the price of corn (chicken feed)? 1) buy corn futures 2) sell corn futures 3) neither, futures are too risky for Cal-Maine 4) sell corn futures before the price increases Question 12 (1 point) Investors buy put options because 1) they believe the price of the underlying stock will decline O 2) they believe the price of the underlying stock will increase 0 3) they want the income derived from the put O 4) they want the long-term value options provide. Question 22 (1 point) As an executive for Delta Airlines, how will you best use the futures market to protect Delta s profit from the changes in the price of jet fuel? 1) buy oil or jet fuel futures 2) sell oil or jet fuel futures