Skip to Main content Question 1 Question 2 Question 3 Question 4 Question 5 Question 6 Question 7 Question 8 Question 9 Question 10 Question 11 Question 12 Question 13 Question 14 Question 15 Question 16 Question 17 Question content area Part 1 Eastmark Electrical Equipment Manufacturers needs to secure its supply of copper for the next year. The price of copper is extremely volatile because of huge month-to-month variation in demand. Eastmark wants to break even with a hedge against future copper prices. Currently, the market price for copper is reasonably low at $2.00 per pound or $200 (CWT). Eastmark has entered into a contract with the supplier for 425 comma 000 pounds of copper per month starting in January at market prices. Eastmark has also entered into a futures contract with a financial institution for 425 comma 000 pounds per month at $2.00 per pound. CWT (hundredweight) is equal to 100 pounds in the United States. Suppose the futures contact is still in force in February. Part 2 a. However, assume the firm has just lost a key client's business and only purchases 350 comma 000 pounds of copper. i. Calculate the one month financial and the physical results if the market price of copper has risen to $3.25 per pound. Calculate only the financial impact of copper transactions and disregard the loss of revenue due to business loss. The financial result is $ enter your response here. (Enter your response as a whole number and include a minus sign if neces