Question: 1. Know information about mining material option contract instruments a. Breakeven revenue $2.00/ Pound b. Exercise price at $2.30/ pound with option price 0.03/ pound

1. Know information about mining material option contract instruments a. Breakeven revenue $2.00/ Pound b. Exercise price at $2.30/ pound with option price 0.03/ pound c. Total production of mining materials 2,000,000 pounds Asked to specify a. When are options used? b. Nominal cost of option
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
