1. If XYZ does nothing to manage copper price risk, what is its profit 1 year from...

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1. If XYZ does nothing to manage copper price risk, what is its profit 1 year from now, per pound of copper? If on the other hand XYZ sells forward its expected copper production, what is its estimated profit 1 year from now? Construct graphs illustrating both unhedged and hedged profit.

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