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Hillary considers herself a shrewd commodities investor. She bought a May cotton contract (50,000 pounds) at $ 0.7813 a pound, and later sold it at
Hillary considers herself a shrewd commodities investor. She bought a May cotton contract (50,000 pounds) at
$ 0.7813
a pound, and later sold it at
$ 0.8756
a pound. What were her profit and her return on invested capital if her initial margin was
$ 1 comma 510
and the size of a cotton futures contract is 50,000 pounds of cotton?
Hillary's profit is
$nothing
.
(Round to the nearest dollar.)
If she had an initial margin of
$ 1 comma 510
,
the return on invested capital is
nothing
%.
(Round to two decimal places.)
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