Question: 9. The following table gives data on monthly changes in the spot price and the futures price for a certain commodity. Hint: The formulas of

9. The following table gives data on monthly changes in the
spot price and the futures price for a certain commodity. Hint: The

9. The following table gives data on monthly changes in the spot price and the futures price for a certain commodity. Hint: The formulas of the sample mean, the sample standard deviation, and the co-variance are, respectively, Mean=Nn=1Nxn,SD=N1n=1N(xnMean)2COV=N1n=1N(xi,nMeani)(xj,nMeanj) Under these data, the minimum variance hedge ratio is A. 0.7592 B. 0.8592 C. 0.9592 D. 1.0592

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