Calculating a Return on Investment. What would Juan’s profit have been if he had sold all of his gold in 1980?

Problems 13, 14, and 15 are based on the following scenario:

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.

LO17-4