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Josh Rink considers himself a shrewd commodities investor. Not long ago he bought one July cotton contract at $ 0.52 a pound, and he recently
Josh Rink considers himself a shrewd commodities investor. Not long ago he bought one July cotton contract at $ 0.52 a pound, and he recently sold it at $ 0.54 a pound. How much profit did he make? What was his return on invested capital if he had to put up a $ 1 comma 180 initial deposit? (There are 50,000 pounds in one contract for cotton.)
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