Its now Oct 2019. A company anticipates that it will buy 1 million pounds of copper in August 2020 and decides to hedge its risk fully using the following strategy. In Oct, the company will purchase Mar 20 contracts, then roll it over to Sept 20 contracts in Feb 20, and then close its position in August 20 and trade in spot markets. .Assume the market prices of futures contract today and at future dates are as follows (in cents per pound ). Calculate the effective purchase for copper. Keep your answer in cents.

Date	Oct 2019	Feb 2020	Aug 20
Mar 20 Futures Price	371	374
Sept 20 Futures Price		375	378
Spot Price	370	373	374