Question: Class Example-A Long Hedge It is January 15. A copper fabricator knows it will require 100,000 pounds of copper on May 15 to meet a

Class Example-A Long Hedge It is January 15. A copper fabricator knows it will require 100,000 pounds of copper on May 15 to meet a certain contract. The spot price of copper is 140 cents ($1.40) per pound and the May futures price is 120 cents (S1.20) per pound. Each futures contract is for the delivery of 25, 000 pounds of copper. List the transactions with which the copper fabricator can hedge

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