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10. Josh Rink considers himself a shrewd commodities investor. Not long ago he bought one July cotton contract at $ 0.55 a pound, and he

10. Josh Rink considers himself a shrewd commodities investor. Not long ago he bought one July cotton contract at $ 0.55 a pound, and he recently sold it at $ 0.59 a pound. How much profit did he make? What was his return on invested capital if he had to put up a $ 1 comma 320 initial deposit? (There are 50,000 pounds in one contract for cotton.) Josh's profit is $2000 . (Round to the nearest dollar.) If he had to put up a $ 1 comma 320 initial deposit, the return on invested capital is 52 %. (Round to two decimal places.)

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