Suppose that the price of corn will follow the following distribution one year from now: Corn Price 1.00 2.00 3.00 4.50 Probability 0.25 0.25 0.25 0.25 The following one-year call options are available on the price of corn. The risk free rate is 5% compounded continuously: Strike Price 1.50 2.00 2.50 Call Premium 1.24 0.85 0.55 The one year forward price of corn is 2.79 per bushel. b) Given the information above, list at least 7 of the possible hedging strategies that you can use to hedge against adverse fluctuations the price of corn (i.e. possible combinations of derivatives above that apply). No calculations are required for this question, you're answer should be a list. HINT: there are 10 in total. [7 Marks. 3 bonus marks if you can name all 10]