Hillary considers herself a shrewd commodities investor. She bought a May cotton contract (50,000 pounds) at...
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Hillary considers herself a shrewd commodities investor. She bought a May cotton contract (50,000 pounds) at $0.6846 a pound, and later sold it at $0.7738 a pound. What were her profit and her return on invested capital if her initial margin was $1,310 and the size of a cotton futures contract is 50,000 pounds of cotton? Hillary's profit is $ (Round to the nearest dollar) Hillary considers herself a shrewd commodities investor. She bought a May cotton contract (50,000 pounds) at $0.6846 a pound, and later sold it at $0.7738 a pound. What were her profit and her return on invested capital if her initial margin was $1,310 and the size of a cotton futures contract is 50,000 pounds of cotton? Hillary's profit is $ (Round to the nearest dollar)
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Related Book For
Fundamentals Of Investing
ISBN: 9780135175217
14th Edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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