14. A cereal manufacturer wants to maintain costs on future deliveries of 107,500 bushels of wheat at 567.4 cents per bushel. They notice that the hedge ratio is very close to 1 , so they enter into 5,000 short contracts for October delivery at 568.1 cents per bushel, another 5,000 contracts for December delivery at 569.0 cents per bushel, another 5,000 contracts for February delivery at 570.5 cents per bushel, and, finally, for April delivery the same number of contracts at 571.4 cents per bushel. The company closes out contracts as the last trade date approaches. Holdings Price at Sell-to-Open Price at Buy-to-Close \begin{tabular}{lcll} Wheat Holdings & 107,500 bu long & 567.4c/bu & 586.4c/bu \\ October wheat & 5 contracts & 568.1c/bu & 569.5c/bu \\ December wheat & 5 contracts & 569.0c/bu & 570.8c/bu \\ February wheat & 5 contracts & 570.5c/bu & 580.5c/bu \\ April wheat & 5 contracts & 571.4c/bu & 586.4c/bu \end{tabular} What was the cost(gain) of this hedge to the company