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c. What will total revenues be if the firm buys a one-month put option to sell gold for $1,090 an ounce? The put option costs

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c. What will total revenues be if the firm buys a one-month put option to sell gold for $1,090 an ounce? The put option costs $112 per ounce. A gold-mining firm is concerned about short-term volatility in its revenues. Gold currently sells for $1,090 an ounce, but the price is extremely volatile and could fall as low as $1,010 or rise as high as $1,170 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 if the firm remains unhedged for gold prices of $1,010,$1,090, and $1,170 an ounce? b. The futures price of gold for delivery one month ahead is $1,308. What will be the firm's total revenues at each gold price if the firm enters into a one-month futures contract to deliver 1,000 ounces of gold

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