A man who has some money, buys a goat for $60. Then sells it for $70. Then

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A man who has some money, buys a goat for $60. Then sells it for $70. Then buys it back for $80 and sells it again for $90.

A) How much did he make and provide your reasoning?

B) Which would have been the optimum trading strategy, if he had known the movements of the goat’s market price beforehand and how much money would have made using this strategy?

Related Book For answer-question

Essentials Of Services Marketing

ISBN: 9781292425191

4th Edition

Authors: Jochen Wirtz

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Posted Date: Mar 05, 2024 02:45 AM

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A man who has some money, buys a goat for $60. Then sells it for $70. Then

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Expert Answer:

A Calculation for the profits made 1 Bought the goat for 60 and sold it for 70 Profit 70 60 1... View the full answer

Essentials Of Services Marketing

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