Prema purchased 15 ounces of gold in 2005 for $422 per ounce in order to try to
Question:
Prema purchased 15 ounces of gold in 2005 for $422 per ounce in order to try to diversify her investment portfolio. She sold a third of her holdings in gold in 2009 at a price of $944 per ounce. She sold the rest of her gold holdings in 2010 for $1,254 per ounce.
is Prema’s profit in 2009 and 2010?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
To calculate Premas profit in 2009 and 2010 we need to determine the total cost of the ...View the full answer
Answered By
Madhur Jain
I have 6 years of rich teaching experience in subjects like Mathematics, Accounting, and Entrance Exams preparation. With my experience, I am able to quickly adapt to the student's level of understanding and make the best use of his time.
I focus on teaching concepts along with the applications and what separates me is the connection I create with my students. I am well qualified for working on complex problems and reaching out to the solutions in minimal time. I was also awarded 'The Best Tutor Award' for 2 consecutive years in my previous job.
Hoping to get to work on some really interesting problems here.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Personal Finance
ISBN: 9781264101597
14th Edition
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
Question Posted:
Students also viewed these Business questions
-
Find a Leadership/Organization issue using one of the cases that you may find online. Once you have found a case, I'd like for you to then follow the steps located here in order to analyze the case...
-
A. Call option price goes from $2.05 to $1.85 while the underlying stock price decreases from $40 to $38. What is the value of call Delta? What is the value of put Delta? If the price of the stock...
-
Prema purchased 15 ounces of gold in 2005 for $422 per ounce in order to try to diversify her investment portfolio. She sold a third of her holdings in gold in 2009 at a price of $944 per ounce. She...
-
A sample consisting of 1.00mol Ar is expanded isothermally at 20 C from 10.0dm 3 to 30.0dm 3 (i) Reversibly, (ii) Against a constant external pressure equal to the final pressure of the gas, (iii)...
-
Now suppose that Firm Body did not bring an action against Brock. What type of lawsuit might Penada be able to bring based on these facts? David Brock is on the board of directors of Firm Body...
-
Refer back to Figure 9.2. What would happen if Russia offered Rosatom a subsidy of \($1.5\) billion after it learns that France granted Areva a subsidy of \($2\) billion? Areva Develop Rosatom Do not...
-
For a system with periodic motion, the trajectory in the phase plane is a(n) a. closed curve b. open curve c. point
-
(EPS: Simple Capital Structure) A portion of the statement of income and retained earnings of Pierson Inc. for the current year follows. Note 1 during the year, Pierson Inc. suffered a major casualty...
-
Given the extensive problems with the CAPM assumptions, why is it considered the best method for computing cost of equity? Do you agree with this? What alternatives exist? What can/should a financial...
-
Poly Products sells packaging tape to industrial customers. All tape is sold in 100-foot rolls that are cut in various widths from a master roll, which is 15 inches wide. The product line consists of...
-
Prema purchased 15 ounces of gold in 2005 for $422 per ounce in order to try to diversify her investment portfolio. She sold a third of her holdings in gold in 2009 at a price of $944 per ounce. She...
-
Assume your home is assessed at $200,000. You have a $150,000 loan for 30 years at 6 percent. Your property tax rate is 1.5 percent of the assessed value. In year one, you would pay $9,000 in...
-
For a new type of tire, a NASCAR team found the average distance a set of tires would run during a race is 168 miles, with a standard deviation of 14 miles. Assume that tire mileage is independent...
-
Why people are supportive to workplace gender inequalities give reason with examples
-
Apply the same steps in Lab 3.5 to Lab 3.5 Alt Data.xlsx to perform cost driver analysis for the service call center at Thrustmaster. Thrustmaster is a fictitious company that sells game controllers,...
-
A taxpayer with three dependents under age 17, one of which has an ITIN and one of which who is under age 6, can claim what amount of Child Tax Credit and / or Additional Child Tax Credit in TY2023?
-
Several creditors had extended the money because of their reliance on the erroneous financial statements if Brew Construction should fail to pay them? Explain. What action if any the creditors can...
-
What are the Company policies & procedures, any relevant document for Establish an understanding of roles, responsibilities and purpose?
-
What types of property are covered under a homeowners policy? When should you consider adding a PPF to your policy? Indicate which of the following are included in a standard policys coverage: (a) An...
-
Avatar Financials, Inc., located on Madison Avenue, New York City, is a company that provides financial advice to individuals and small- to mid-sized businesses. Its primary operations are in wealth...
-
Eileen (from question7) wants a car that costs $ 12,000. How long would it have taken Eileen to save for the outright purchase of the car if she did not have any credit card debt and used the...
-
Chen recently graduated from college and accepted a job in a new city. Furnishing his apartment has proven more costly than he anticipated. To assist him with making purchases, he applied for and...
-
Compare the amount of interest that the Sampsons are earning on their savings and paying on their credit card debt by completing the following worksheet. Savings Interest rate earned on savings...
-
Write a java program to find out greatest of two numbers using if and else statement?
-
A wrecking ball utilized to break up structures has a mass of m = 1380 kg and is suspended from a cable of length L = 24 m. It reaches a maximum speed of v = 18 m/s while traveling in a circular arc...
-
1. The ZARM tower in Bremen contains the world longest vertical vacuum tube [110m]. A sample is dropped (zero velocity) from its top, and once it reaches the bottom is taken horizontally further...
Study smarter with the SolutionInn App