Question: rect Question 1 0/5 pts WIDGETCO produces widgets. Each widget generates $460 in revenue and requires one ounce of gold as an input. WIDGETCO plans

rect Question 1 0/5 pts WIDGETCO produces widgets. Each widget generates $460 in revenue and requires one ounce of gold as an input. WIDGETCO plans to produce and sell one widget in exactly one year. The c.c. risk-free rate is zero percent. WIDGETCO is considering hedging their gold exposure with a long forward contract. The one-year forward price of gold is $420 per ounce. If the spot price of gold is $450 per ounce in one year, what is WIDGETCO's hedged profit? 70

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