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OP ans You have identified a trade in which you would buy crude oil in Alaska and sell it in Cushing, Oklahoma. To at least break even on this trade, you need for the price of crude oil when it arrives in Cushing to be $45 or more. The following additional information is available: urces hedule Number of days it will take for crude oil to get from Alaska to Cushing Breakeven price per barrel of crude oil in Cushing Current price per barrel of crude oil in Cushing Expected return on crude oil in Cushing (per day) Standard deviation of returns for crude oil in Cushing (per day) 3 $45.00 $47.00 0.10% 1.90% What is the probability that you will breakeven on this trade? 8.1% 18.4% 39.4% O 81.6% O 91.9% Next Previous OP ans You have identified a trade in which you would buy crude oil in Alaska and sell it in Cushing, Oklahoma. To at least break even on this trade, you need for the price of crude oil when it arrives in Cushing to be $45 or more. The following additional information is available: urces hedule Number of days it will take for crude oil to get from Alaska to Cushing Breakeven price per barrel of crude oil in Cushing Current price per barrel of crude oil in Cushing Expected return on crude oil in Cushing (per day) Standard deviation of returns for crude oil in Cushing (per day) 3 $45.00 $47.00 0.10% 1.90% What is the probability that you will breakeven on this trade? 8.1% 18.4% 39.4% O 81.6% O 91.9% Next Previous