Question 22 (3 points) Saved Indicate whether a long or short hedge is needed. If no hedge is needed choose "neither" Remember that all trades are on the CBOT. An underwriter of bonds has just bought $1 billion of XYZ Industry bonds from the company and intends to resell the bonds to its customers. short long Oneither Question 23 (3 points) Saved Indicate whether a long or short hedge is needed. If no hedge is needed choose "neither" Remember that all trades are on the CBOT. A baker has a contract to sell bread to Kroger at a fixed price and has no inventory of flour. Oshort Olong neither