Use the following information: Today is June gth The company knows that it will need 20.000 barrels of jet oil oil at some time in October or November, Heating oil futures contracts are currently traded for delivery every month on the exchange Each contract size is 1.000 barrels. the standard deviation of monthly changes in the price of a jet oil is 0.55 the standard deviation of monthly changes in the futures prices of a heating oil is 0.71, . and the coefficient correlation between the two changes is 0.85 Futures price on June 8 is $85.00 per barrel. Later, the company finds that it is ready to purchase the jetoit on October 10 Spot price lot jet fuel) and futures price on heating oll) on Oct. 10 are $89.00 per barrel and $87.80 per barrel 1. What is the optimal hedge ratio 2. What is the optimal number of contracts 3. Should the company take LONG OF SHORT? 4 Which delivery month 5. With asset mismatch and timing mismatch, what is the total effective ice paid? And what is the effective akce the company Raid per barrel