Use the information for the question below. $71.75/Bbl $73.06/Bbl Alaska North Slope Crude Oil (ANS) West Texas Intermediate Crude Oil (WTI) As an oil refiner, you are able to produce $76 worth of unleaded gasoline from one barrel of Alaska North Slope (ANS) crude oil. Because of its lower sulfur content, you can produce $77 worth of unleaded gasoline from one barrel of West Texas Intermediate (WTI) crude. Assuming you currently have 9,950 Bbls of WTI crude, the total benefits to you if you were to sell the 9,950 Bbls of WTI crude and use the proceeds to purchase and refine ANS crude is closest to: O A. $780,164 O B. $766,150 OC. $767,600 D. $770,032
Use the information for the question below. $71.75/Bbl $73.06/Bbl Alaska North Slope Crude Oil (ANS) West Texas Intermediate Crude Oil (WTI) As an oil refiner, you are able to produce $76 worth of unleaded gasoline from one barrel of Alaska North Slope (ANS) crude oil. Because of its lower sulfur content, you can produce $77 worth of unleaded gasoline from one barrel of West Texas Intermediate (WTI) crude. Assuming you currently have 9,950 Bbls of WTI crude, the total benefits to you if you were to sell the 9,950 Bbls of WTI crude and use the proceeds to purchase and refine ANS crude is closest to: O A. $780,164 O B. $766,150 OC. $767,600 D. $770,032
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Use the information for the question below.
$71.75/Bbl
$73.06/Bbl
Alaska North Slope Crude Oil (ANS)
West Texas Intermediate Crude Oil (WTI)
As an oil refiner, you are able to produce $76 worth of unleaded gasoline from one barrel of Alaska North Slope (ANS) crude oil. Because of its lower sulfur
content, you can produce $77 worth of unleaded gasoline from one barrel of West Texas Intermediate (WTI) crude.
Assuming you currently have 9,950 Bbls of WTI crude, the total benefits to you if you were to sell the 9,950 Bbls of WTI crude and use the proceeds to
purchase and refine ANS crude is closest to:
A. $780,164
B. $766,150
O C. $767,600
D. $770,032
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