Question 11 14 pts Suppose you are the CFO of an oil refiner and you wish to hedge your future purchase price risk of crude oil using options. Your company will need to purchase a total of 7.5 million barrels of oil in next four months The swe-month crude on futures contract is trading at $57/bbl. The price of the four month S4 put is $3.25/tbl. The price of the four-month 61 call is $3.05/bbl Instead of buying futures contracts at $57 to hedge your risk. you decide that you will purchase the 61 call options to hedge your price risk al How many contracts do you need to purchase? Round answer to zero decimas. Do not round intermediate calculations b) What is your total cash outlay? (Round answer to ero decimal places. Do not round Intermedio akatos What is your breakeven point in terms of the oil settlement price? Round wer to 2 decimal places. Do not round intermediate calculation di What is your maximum lors on 5/60 Round answer to 2 decim places. Do not round hermediate calculation e Wut is your maximum Soundt 2 de les Done round in ir the ice of oil sette in which toodete the prices that you the decorate ca Question 11 14 pts Suppose you are the CFO of an oil refiner and you wish to hedge your future purchase price risk of crude oil using options. Your company will need to purchase a total of 7.5 million barrels of oil in next four months The swe-month crude on futures contract is trading at $57/bbl. The price of the four month S4 put is $3.25/tbl. The price of the four-month 61 call is $3.05/bbl Instead of buying futures contracts at $57 to hedge your risk. you decide that you will purchase the 61 call options to hedge your price risk al How many contracts do you need to purchase? Round answer to zero decimas. Do not round intermediate calculations b) What is your total cash outlay? (Round answer to ero decimal places. Do not round Intermedio akatos What is your breakeven point in terms of the oil settlement price? Round wer to 2 decimal places. Do not round intermediate calculation di What is your maximum lors on 5/60 Round answer to 2 decim places. Do not round hermediate calculation e Wut is your maximum Soundt 2 de les Done round in ir the ice of oil sette in which toodete the prices that you the decorate ca