2) The Spanicr gold mine owes $49 million next year to creditors and can only get money from selling gold. If it cannot pay off this debt, it will go bankrupt with a cost of $9,{]{}[}. Next year it will sell S, ounces of gold. The expected price of gold next year is $120!] per otmce. To buy insurance would cost the mine (.03 + lSS) * $1 million, where S is the standard deviation of the price of gold. How much is this insurance worth to the company if the standard deviation of the price of gold is 120'? 240