Question
Hillary considers herself a shrewd commodities investor. She bought a May cotton contract (50,000 pounds) at $0.7744 a pound and later sold it at $0.8104
Hillary considers herself a shrewd commodities investor. She bought a May cotton contract (50,000 pounds) at $0.7744 a pound and later sold it at $0.8104 a pound. What were her profit and her return on invested capital if her initial margin was $1,260 and the size of a cotton futures contract is 50,000 pounds of cotton?
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Personal Finance Building Your Future
Authors: Robert B. Walker, Kristy P. Walker
1st edition
9780077861728, 978-0073530659
