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You are a Japanese coffee chain manager. It is July 5 and you just bought physical coffee from your importer for 20,010 JPY/metric ton. In
You are a Japanese coffee chain manager. It is July 5 and you just bought physical coffee from your importer for 20,010 JPY/metric ton. In May, you hedged by buying July Arabica coffee futures at the Tokyo Grain Exchange at a price of 17,850 JPY/metric ton. Currently, this contract trades at 19,920 JPY/metric ton. Calculate your net price.
Group of answer choices
21,990
20,010
17,940
16,760
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