On March 1, Japanese yens spot price is $1.050 cents per yen and its September futures price is 1.08 cents per yen. On August 1 the spot price is 1.02 cents per yen and the September futures price is 1.025 cents per yen. A company entered into futures contracts on March 1 to hedge its sale of the yen on August 1. It closed out its position on August 1. What is the effective price (after taking account of hedging) paid by the company?

A. 1.080 cents per yen B. 1.075 cents per yen C. 1.085 cents per yen D. 1.025 cents per yen