Josh Rink considers himself a shrewd commodities investor. Not long ago he bought one July cotton contract

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Josh Rink considers himself a shrewd commodities investor. Not long ago he bought one July cotton contract at $0.54 a pound and he recently sold it at $0.58 a pound. How much profit did he make? What was his return on invested capital if he had to put up a $1,260 initial deposit?
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Fundamentals of Investing

ISBN: 978-0133075359

12th edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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