show work

5. The spot price of Gold was $2,014.10, $1,980.30, and $1,944.00 per troy ounce on August 18th August 31st, and September 8th, respectively. KC is interested in hedging his risk against price movements as he needs to buy Gold soon. He entered into a long position on six September contracts on August 18th and closed out the position on August 31st. What is KC's net price paid per troy ounce? Contract Month September October Futures Price August 18th $2,001.90 $2,004.80 Futures Price August 31st $1,941.30 $1,970.50 Futures Price September 8th $1,933.20 $1,935.00