Question
Hillary considers herself a shrewd commodities investor. She bought a May cotton contract (50,000 pounds) at $0.6977 a pound, and later sold it at $0.7595
Hillary considers herself a shrewd commodities investor. She bought a May cotton contract (50,000 pounds) at
$0.6977
a pound, and later sold it at
$0.7595
a pound. What were her profit and her return on invested capital if her initial margin was
$1,080
and the size of a cotton futures contract is 50,000 pounds of cotton?
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The Ascendancy Of Finance
Authors: Joseph Vogl, Simon Garnett
1st Edition
1509509305, 978-1509509300
