Question 6 0/1 pts The city you work for is worried about overtime for snowplow drivers if there is a really large snowstorm. You estimate that the city will spend $1,000 in overtime for every inch of snow above 12 inches. You suggest buying parametric insurance to hedge this risk. The policy states that the insurance company will pay $1,918 for every inch of snow above 24 inches. Next year, the total snow amount is 53. What is your city's hedged position? Nered 2,918