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Becky Detwiler is an experienced and savvy commodities investor. She purchased an August cotton contract (50,000 pounds) at $0.7744 a pound and later sold it
Becky Detwiler is an experienced and savvy commodities investor. She purchased an August cotton contract (50,000 pounds) at $0.7744 a pound and later sold it at $0.8104 a pound. What were her profit and return on invested capital if her initial margin was $1,260 and the size of the cotton futures contract is 50,000 pounds of cotton?
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