Hedging Strategies For the following scenarios, describe a hedging strategy using futures contracts that might be considered. a. A public utility is concerned about rising costs. b. A candy...

Hedging Strategies For the following scenarios, describe a hedging strategy using futures contracts that might be considered. a. A public utility is concerned about rising costs. b. A candy manufacturer is concerned about rising costs. c. A corn farmer fears that this year’s harvest will be at record high levels across the country. d. A manufacturer of photographic film is concerned about rising costs. e. A natural gas producer believes there will be excess supply in the market this year. f. A bank derives all its income from long-term, fixed-rate residential mortgages. g. A stock mutual fund invests in large, blue-chip stocks and is concerned about a decline in the stock market. h. A U.S. importer of Swiss army knives will pay for its order in six months in Swiss francs. i. A U.S. exporter of construction equipment has agreed to sell some cranes to a German construction firm. The U.S. firm will be paid in euros in three months.