| $ 1.24 | $ 1.28 | $
1.32 |
| $ 1.30 | $ 1.40 | $ 1.45 |
|
| r |
| 30.3336 |
| 46.52653 |
| hedging | 1 | 2 | 3 | 4 |
| Strike price for BP(K) | cost in $(C) | EU | $ 1.200000 | $ 1.240000 | $ 1.280000000000000 | $ 1.320000000000000 |
| 1.1 | 0.000285 | unhedged | $ 713.04 | $ 713.04 | $ 713.04 | $ 713.04 |
| 1.15 | 0.001318 | hedged | 250 | $ 708.85 | $ 706.19 | $ 702.65 | $ 675.79 |
| 1.2 | 0.003808 | 175 | $ 710.11 | $ 708.25 | $ 705.77 | $ 686.96 |
| 1.25 | 0.009133 | unhedged | 100 | $ 711.37 | $ 710.30 | $ 708.89 | $ 698.14 |
| 1.3 | 0.01876 | hedged |
| 1.35 | 0.032937 |
| 1.4 | 0.052355 |
| 1.45 | 0.096025 | BP | $ 1.20 | $ 1.30 | $ 1.40 | $ 1.45 |
| 1.5 | 0.159427 | unhedged | $ 706.00 | $ 706.00 | $ 706.00 | $ 706.00 |
| hedged | 175 | $ 705.33 | $ 702.72 | $ 696.84 | $ 693.30 |
| 225 | $ 705.14 | $ 701.78 | $ 694.22 | $ 689.67 |
| 125 | $ 705.52 | $ 703.66 | $ 699.46 | $ 696.93 |
|
|
| 250+175 |
| Total unhedged Pay off |
1,419.04 |
1,419.04 |
1,419.04 |
1,419.04 |
| Total Hedged Pay off |
1,414.18 |
1,408.91 |
1,399.49 |
1,369.09 |
| EU Hedged + BP Unhedged Pay off |
1,414.85 |
1,412.19 |
1,408.65 |
1,381.79 |
| BP Hedged + EU Unhedged Pay off |
1,418.38 |
1,415.76 |
1,409.88 |
1,406.34 |
| Average |
1,416.61 |
1,413.98 |
1,409.26 |
1,394.06 |
| 250+225 |
| Total unhedged Pay off |
1,419.04 |
1,419.04 |
1,419.04 |
1,419.04 |
| Total Hedged Pay off |
1,413.99 |
1,407.97 |
1,396.87 |
1,365.46 |
| EU Hedged + BP Unhedged Pay off |
1,414.85 |
1,412.19 |
1,408.65 |
1,381.79 |
| BP Hedged + EU Unhedged Pay off |
1,418.19 |
1,414.82 |
1,407.26 |
1,402.71 |
| Average |
1,416.52 |
1,413.51 |
1,407.96 |
1,392.25 |
| 250+125 |
| Total unhedged Pay off |
1,419.04 |
1,419.04 |
1,419.04 |
1,419.04 |
| Total Hedged Pay off |
1,414.37 |
1,409.84 |
1,402.10 |
1,372.71 |
| EU Hedged + BP Unhedged Pay off |
1,414.85 |
1,412.19 |
1,408.65 |
1,381.79 |
| BP Hedged + EU Unhedged Pay off |
1,418.57 |
1,416.70 |
1,412.50 |
1,409.97 |
| Average |
1,416.71 |
1,414.44 |
1,410.57 |
1,395.88 |
| 175+175 |
| Total unhedged Pay off |
1,419.04 |
1,419.04 |
1,419.04 |
1,419.04 |
| Total Hedged Pay off |
1,415.44 |
1,410.96 |
1,402.60 |
1,380.26 |
| EU Hedged + BP Unhedged Pay off |
1,416.11 |
1,414.25 |
1,411.77 |
1,392.96 |
| BP Hedged + EU Unhedged Pay off |
1,418.38 |
1,415.76 |
1,409.88 |
1,406.34 |
| Average |
1,417.24 |
1,415.00 |
1,410.82 |
1,399.65 |
| 175+225 |
| Total unhedged Pay off |
1,419.04 |
1,419.04 |
1,419.04 |
1,419.04 |
| Total Hedged Pay off |
1,415.25 |
1,410.02 |
1,399.99 |
1,376.63 |
| EU Hedged + BP Unhedged Pay off |
1,416.11 |
1,414.25 |
1,411.77 |
1,392.96 |
| BP Hedged + EU Unhedged Pay off |
1,418.19 |
1,414.82 |
1,407.26 |
1,402.71 |
| Average |
1,417.15 |
1,414.53 |
1,409.52 |
1,397.84 |
| 175+125 |
| Total unhedged Pay off |
1,419.04 |
1,419.04 |
1,419.04 |
1,419.04 |
| Total Hedged Pay off |
1,415.63 |
1,411.90 |
1,405.22 |
1,383.89 |
| EU Hedged + BP Unhedged Pay off |
1,416.11 |
1,414.25 |
1,411.77 |
1,392.96 |
| BP Hedged + EU Unhedged Pay off |
1,418.57 |
1,416.70 |
1,412.50 |
1,409.97 |
| Average |
1,417.34 |
1,415.47 |
1,412.13 |
1,401.47 |
| 100+175 |
| Total unhedged Pay off |
1,419.04 |
1,419.04 |
1,419.04 |
1,419.04 |
| Total Hedged Pay off |
1,416.70 |
1,413.02 |
1,405.72 |
1,391.44 |
| EU Hedged + BP Unhedged Pay off |
1,417.37 |
1,416.30 |
1,414.89 |
1,404.14 |
| BP Hedged + EU Unhedged Pay off |
1,418.38 |
1,415.76 |
1,409.88 |
1,406.34 |
| Average |
1,417.87 |
1,416.03 |
1,412.38 |
1,405.24 |
| 100+225 |
| Total unhedged Pay off |
1,419.04 |
1,419.04 |
1,419.04 |
1,419.04 |
| Total Hedged Pay off |
1,416.51 |
1,412.08 |
1,403.11 |
1,387.81 |
| EU Hedged + BP Unhedged Pay off |
1,417.37 |
1,416.30 |
1,414.89 |
1,404.14 |
| BP Hedged + EU Unhedged Pay off |
1,418.19 |
1,414.82 |
1,407.26 |
1,402.71 |
| Average |
1,417.78 |
1,415.56 |
1,411.08 |
1,403.43 |
| 100+125 |
| Total unhedged Pay off |
1,419.04 |
1,419.04 |
1,419.04 |
1,419.04 |
| Total Hedged Pay off |
1,416.89 |
1,413.96 |
1,408.34 |
1,395.07 |
| EU Hedged + BP Unhedged Pay off |
1,417.37 |
1,416.30 |
1,414.89 |
1,404.14 |
| BP Hedged + EU Unhedged Pay off |
1,418.57 |
1,416.70 |
1,412.50 |
1,409.97 |
| Average |
1,417.97 |
1,416.50 |
1,413.69 |
1,407.06 |
|
| Average Overall | 1417.243599 | 1415.003774 | 1410.824511 | 1399.653587 |
| Standard Deviation | 55.10% | 97.88% | 176.33% | 508.87% |
