QUESTION 6 Suppose that forward contracts are available with the underlying being the number of degrees that the average July temperature in NYC is above 60 degrees. Thus, if the actual average July temperature is 64 degrees, then the underlying of the forward contract would equal 4 degrees. Assume each forward contract is based on 51 million If the firm would like to hedge its temperature riik, would it take a long or a short forward position? For the toolbar, press ALT F10 (PO) or ALT+FNF40 (Mac). BIUS Paragraph Arial ALI 14px O WORDS POWERED BY TINY QUESTION 6 Suppose that forward contracts are available with the underlying being the number of degrees that the average July temperature in NYC is above 60 degrees. Thus, if the actual average July temperature is 64 degrees, then the underlying of the forward contract would equal 4 degrees. Assume each forward contract is based on 51 million If the firm would like to hedge its temperature riik, would it take a long or a short forward position? For the toolbar, press ALT F10 (PO) or ALT+FNF40 (Mac). BIUS Paragraph Arial ALI 14px O WORDS POWERED BY TINY