D Question 20 4 pts Use the NYMEX Calls and Puts on Crude Oil Handout that are provided as a handout with this exam. BP decides to hedge the cost of oil that they buy for their refining operation using an option. They want the most they pay to be $70 per barrel for their refinery crude oil purchased (before taking into account the premium). If crude oil prices fall to $50 per barrel, what will be their total cost of crude oil per barrel based on purchasing the crude oil in the cash market price and the impact of the hedge. O $63.37 per barrel O $60.00 per barrel o $100.00 per barrel O $50.67 per barrel D Question 20 4 pts Use the NYMEX Calls and Puts on Crude Oil Handout that are provided as a handout with this exam. BP decides to hedge the cost of oil that they buy for their refining operation using an option. They want the most they pay to be $70 per barrel for their refinery crude oil purchased (before taking into account the premium). If crude oil prices fall to $50 per barrel, what will be their total cost of crude oil per barrel based on purchasing the crude oil in the cash market price and the impact of the hedge. O $63.37 per barrel O $60.00 per barrel o $100.00 per barrel O $50.67 per barrel