Prema purchased 15 ounces of gold in 2005 for $422 per ounce in order to try to
Question:
Prema purchased 15 ounces of gold in 2005 for $422 per ounce in order to try to diversify her investment portfolio. She sold a third of her holdings in gold in 2009 at a price of $944 per ounce. She sold the rest of her gold holdings in 2010 for $1,254 per ounce.
What would her profit have been if she sold all the gold holdings in 2009?
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If Prema had sold all her gold holdings in 2009 we can cal...View the full answer
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ISBN: 9781264101597
14th Edition
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
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