Which of the following is needed to calculate the minimum variance hedge ratio? O a. Correlation between the asset and the futures contract O b. Current spot price of the asset O c. Theinvestor's risk tolerance A trader enters into a futures contract to sell 500 ounces of gold at $1,800 per ounce. At expiration, the spot price is $1,750 per ounce. What is the gain or loss on the futures contract? O a. Gain of $25,000 O b. Loss of $25,000 O c. Gainof $50,000 The standard deviation of the spot price change for corn is 0.15, and the standard deviation of the futures price change for corn is 0.12. The correlation between the spot and futures price changes is 0.8. What is the minimum variance hedge ratio? O a. 0.64 Ob. 10 O c. 096 A company hedges its exposure to 1,000 units of a commodity by taking a long position in futures at $150 per unit. At contract maturity, the spot price is $160 per unit. What is the hedging profit or loss? O a. Gainof $10,000 O b. Loss of $10,000 O c. Gain of $1,000