4 A gold-mining firm is concerned about short-term volatility in its revenues. Gold currently sells for $1195 an ounce, but the price is extremely volatile and could fall as low as $1115 of rise as high as $1275 in the next month. The company will bring 1.000 ounces to the market next month. (Enter your answers in millions rounded to 2 decimal places.) a. What will be total revenues of the tim remains unhedged for gold prices of 51115, $195, and 51275 an ounce? 012555 Gold Price per Ounce $ 1.1157 s $ 1.1955 $ 1.2755 Total Revenue 112 milion 120 milion 120 min b. The futures price of gold for delivery one month ahead is 52303 What will be the first revenues at each gold price if the firm enters into a one month futures contract to deliver 1000 ounces of gold Gold Price Ounce 1.115 5 1.1955 5 12255 Total Revenue 10 min 130 million 130min c. What will total revenues be of the firm buys a one-month put option to sell gold for $1195 an ounce? The put option costs 5117 per ounce Total Revenue Gold Price per Ounce $ 1 115 1 195 9 1275 million million