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You are a commodity producer, and you are currently under a contract to deliver 50,000 units of the commodity to a customer in 6 months.

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You are a commodity producer, and you are currently under a contract to deliver 50,000 units of the commodity to a customer in 6 months. To hedge against prices falling, you use a swap contract, currently quoted at $65 per unit. You want to leave some room for possible price appreciation, however, so you only hedge 15,000 units, leaving the rest exposed to market price fluctuations. If, on the day when the contract is up, the spot price of the commodity is at $47 per unit, your total revenue (including spot revenue and swap revenue) is: A. (4765)15,000+4735,000 B. (6547)15,000+6550,000 C. (6547)15,000+4735,000 D. (6547)15,000+4750,000

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