I really need help with this! Thank you!!!! Q5. As a copper tube manufacturer...

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imageI really need help with this! Thank you!!!!

Q5. As a copper tube manufacturer in Boise, you will need 25,000 lbs, copper in December. The December futures is quoted at $0.7090 per lb. The copper futures contract size is 25,000 lbs. (a) How would you hedge: Long hedge or short hedge? (b) If the December spot price is $0.7100: What is the cash flow per lb of the position in the spot market? What is cash flow of the position in the futures market? What is the NET cash flow for the HEDGED position? (c) If the December spot price is $0.6900: What is the cash flow per lb of the position in the spot market? What is cash flow of the position in the futures market? What is the NET cash flow for the HEDGED position

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