Which short hedge entered below by Billy would be most advantageous to enter for him (i.e. under which scenario would Billy lock-in the highest price for the underlying asset via the short hedge)? Assume the short hedge is a perfect hedge. Billy owns 1,000 bushels of wheat and spot wheat is $1,000 per bushel. Billy's wheat crop will come to harvest in 3 months. Billy sells a wheat futures contract on 1,000 bushels of wheat at a price of $1,050 per bushel maturing in 3-months. Billy owns 1,000 bushels of wheat and spot wheat is $1,000 per bushel. Billy's wheat crop will come to harvest in 3 months. Billy sells a wheat futures contract on 1,000 bushels of wheat at a price of $1,000 per bushel maturing in 3 -months. Billy owns 1,000 bushels of wheat and spot wheat is $1,000 per bushel. Billy's wheat crop will come to harvest in 3 months. Billy sells a wheat futures contract on 1,000 bushels of wheat at a price of $950 per bushel maturing in 3-months. Impossible to determine via information provided