A mining company hedged the sale of 200,000 pounds of copper a few months ago when the spot price was $9.24 per pound and the futures price was $8.97 per pound. When the company sold the copper and closed its futures position, the spot price was $9.36 per pound and the futures price was $9.40 per pound. What was the company's price per pound after hedging? 1) $9.39 2) $9.16 3) $8.93 4) $9.27 5) $9.01