2. Suppose the 1-year copper forward price were ($0.80) instead of ($1). If XYZ were to sell...

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2. Suppose the 1-year copper forward price were \($0.80\) instead of \($1\). If XYZ were to sell forward its expected copper production, what is its estimated profit 1 year from now? Should XYZ produce copper? What if the forward copper price is $0.45?

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