per Ounce Total Revenue $ 1,115 $ 1.30 million $ $ 1,195 1,275 S 1.09 million...

Transcribed Image Text:

per Ounce Total Revenue $ 1,115 $ 1.30 million $ $ 1,195 1,275 S 1.09 million $ 1.25 million Return to question c. What will total revenues be if the firm buys a one-month put option to sell gold for $1,195 an ounce? The put option costs $117 per ounce. Answer is complete but not entirely correct. Gold Price Total Revenue per Ounce $ 1,115 $ 1.08 million $ 1,195 $ 1.08 million $ 1.275 $ 1.08 million per Ounce Total Revenue $ 1,115 $ 1.30 million $ $ 1,195 1,275 S 1.09 million $ 1.25 million Return to question c. What will total revenues be if the firm buys a one-month put option to sell gold for $1,195 an ounce? The put option costs $117 per ounce. Answer is complete but not entirely correct. Gold Price Total Revenue per Ounce $ 1,115 $ 1.08 million $ 1,195 $ 1.08 million $ 1.275 $ 1.08 million