) You own a small gold mine in Mexico. You expect to deliver 200 ounces of gold to the market in April. You

decide to hedge your position at the 550 exercise price. How much will you receive in total, including the

option premium, for your 200 ounces of gold if the market price of gold is $552 in April?

Gold - 100 troy oz.; $ per troy oz.

A) $111,820

B) $109,380

C) $108,980

D) $108,180

E) $110,000