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The spot cane price was KSH 0.9642 per KSH and the September futures contract price was KSH 0.9921 per KSH. If when an investor closes

  1. The spot cane price was KSH 0.9642 per KSH and the September futures contract price was KSH 0.9921 per KSH. If when an investor closes the combined position in July, the cane prices decline such that SPOT PRICE= SH0.8240 AND FUTURE PRICE SH 0.8943,


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Determine the net July selling price.


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