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Today, on November 24,2022 , the price of gold is $1,800 and the April 2023 futures price is $1,820. Today, Goldcorp., a gold producer, entered
Today, on November 24,2022 , the price of gold is $1,800 and the April 2023 futures price is $1,820. Today, Goldcorp., a gold producer, entered into an April 2023 futures contract to hedge the sale of gold on March 1, 2023. It closed out its position on March 1 when the price of gold was $1,750 and the April 2023 futures were selling at $1,780. After taking account of the cost of hedging, what is the effective price received by Goldcorp for the gold? $1,790 $1,750 $1,770 $1,800
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