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As it turns out, you were correct when you purchased 6 contracts for feeder cattle at $1.337 , as the spot price on cattle rose

As it turns out, you were correct when you purchased 6 contracts for feeder cattle at $1.337 , as the spot price on cattle rose to 1.524 on the delivery date given in your contracts. You were required to put down 8 % . How much money did you make? What was your return on invested capital? (There are 50,000 pounds in one contract for feeder cattle.)

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