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4.7 If Telco does nothing to manage copper price risk, what is its profit 1 year from now, per pound of copper that it buys?

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4.7 If Telco does nothing to manage copper price risk, what is its profit 1 year from now, per pound of copper that it buys? If it hedges the price of wire by buying copper forward, what is its estimated profit 1 year from now? Construct graphs illustrating both unhedged and hedged profit

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