1. Know information about mining material option contract instruments a. Breakeven revenue $2.00/ Pound b....
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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
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