The table below shows the both spot price of gold and the price of the August gold futures in January, June (two months prior to expiration of the August futures contract) and at expiration in August. a) Compute the net cost of gold to a hedger that enters a long futures hedge in January and transacts in the spot market in August. (Assume the hedger closes the futures position at (or near) expiration, therefore does not take delivery through the futures contract.) Compare the net cost to the August Futures price in January. b) Compute the net revenue from gold to a hedger that enters a short futures hedge in January and transacts in the spot market in August. (Assume the hedger closes the futures position at (or near) expiration, therefore does not make delivery through the futures contract.) Compare the net rever Ge to the August Futures price in January. c) Compute the net cost of gold to a hedger that enters a long futures hedge in January and transacts in the spot market in June. Compare the net cost to the August Futures price in January. d) Compute the net revenue from gold to a hedger that enters a short futures hedge in January and transacts in the spot market in August. (Assume the hedger closes the futures position at (or near) expiration. therefore does not make delivery through the futures contract.) Compare the net revenue to the Futures price in January