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A silver company, AOZI, purchased the right to extract silver from a mountain in South Africa. This right lasts only for two years, and it
A silver company, AOZI, purchased the right to extract silver from a mountain in South Africa. This right lasts only for two years, and it takes a year to extract silver, which has a total amount of million oz Extraction costs $ millions up front. The silver price is $ per oz now. The price goes up by or drops by every year. The silver price risk is nondiversifiable. The riskfree rate is
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