Suppose the 1-year copper forward price were $0.80 instead of $1. If XYZ were to sell forward

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Suppose the 1-year copper forward price were $0.80 instead of $1. If XYZ were to sell forward its expected copper production, what is its estimated profit 1 year from now? Should XYZ produce copper? What if the forward copper price is $0.45?
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Derivatives Markets

ISBN: 978-0321543080

4th edition

Authors: Rober L. Macdonald

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