ADM purchases 55,000 bushels of soybeans in July. In January, when the spot price of soybeans was $10.5/bushel, ADM hedged the entire planned purchase with September futures contracts at 1030. ADM lifts the hedge in July. The spot price of soybeans is now $10.50/bushel and the basis on September futures is now $0.05. What is ADM's effective price per bushel for the transaction (rounded positive $ two places after the decimal)?