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