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Problem 17-11 Calculating a Return on Investment [LO17-4] In 1978 Juan bought 38 ounces of gold for $6,650 as protection against rising inflation. He sold

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Problem 17-11 Calculating a Return on Investment [LO17-4] In 1978 Juan bought 38 ounces of gold for $6,650 as protection against rising inflation. He sold half the gold in 1980 at a price of $615 an ounce. Juan sold the other half in 1982 when the price was $380 an ounce. What was Juan's profit in 1980 and in 1982

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