(11) Assume that Turki Coffee Co (TCC) is afraid that the coffee price might fall in near future and wants to hedge this expected loss in its future inventory. Currently, TCC has 1,435,000 Kilos of coffee, valued at KD 1.2. Assume there exists a futures trading in Kuwait and that each futures contract is for 35,000 Kilos with futures price for three months of KD 1.45. Assume also that after three months: (a) TCC sold its inventory for KD 1.1; (b) the related futures price falls to KD 1.3. You need to carry out the required calculations to get the result of the TCC hedge in the Kuwaiti futures market