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Assuming the spot price of corn is $5.25/bushel in January, and $5.36 in July. August future price of corn is $5.25 in January and $5.45

Assuming the spot price of corn is $5.25/bushel in January, and $5.36 in July. August future price of corn is $5.25 in January and $5.45 in July. Calculate the manager's cost for feed corn in July.

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