A gold mining company wants to fix the price it will receive for the gold it will mine over the next 4 years A jewelery company (gold user) wants to fix the price it will have to pay for the gold it needs for the next 4 years. NP 100,000 oz Pixed $1,200 /oz They both agree to enter into a commodity swap. Settlement is annual, based on average price of oil during the previous year. = Assume that subsequently, the average price of oil for the last 1year is: This year Next year: in two years: in three years: $1,300/oz $1,200/oz $1,250/oz $1,260/oz What will the mining company pay or receive at the end of every period