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Assume Juan bought 42 ounces of gold for $7540 as protection against rising inflation. He sold half the gold in 1980 at a price of

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Assume Juan bought 42 ounces of gold for $7540 as protection against rising inflation. He sold half the gold in 1980 at a price of $470 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? Juan's profit $ 4,830

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