P15.1 Jeff Rink considers himself a shrewd commodities investor. Not long ago he bought one July wheat

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P15.1 Jeff Rink considers himself a shrewd commodities investor. Not long ago he bought one July wheat contract at $172.25 per tonne, and he recently sold it at $180.50 per tonne. How much profit did he make? What was his return on invested capital if he had to put up a $450 initial margin deposit?

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Fundamentals Of Investing

ISBN: 9781442532885

3rd Edition

Authors: Lawrence J. Gitman, Michael D. Joehnk, Scott Smart, Roger Juchau, Donald Ross, Sue Wright

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