Question
Assume Juan bought 16 ounces of gold for $3,680 as protection against rising inflation. He sold half the gold in 1980 at a price of
Assume Juan bought 16 ounces of gold for $3,680 as protection against rising inflation. He sold half the gold in 1980 at a price of $730 an ounce. Juan sold the other half in 1982 when the price was $400 an ounce. What would Juan's profit have been if he had sold all of his gold in 1980?
| $8,000 | ||
| $28,350 | ||
| $11,160 | ||
| $19,240 |
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Making Sense Of School Finance
Authors: Clinton Born
1st Edition
1475856652, 978-1475856651
