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Assume Juan bought 60 ounces of gold for $12.600 as protection against rising inflation . He sold half the gold in 1980 at a price
Assume Juan bought 60 ounces of gold for $12.600 as protection against rising inflation . He sold half the gold in 1980 at a price of $510 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?
Juans profit-
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