What was Juan's profit in 1980 and in 1982? In 1978 Juan bought 50 ounces of gold
Question:
In 1978 Juan bought 50 ounces of gold for $1,750 as protection against rising inflation. He sold half the gold in 1980 at a price of $800 an ounce. Juan sold the other half in 1982 when the price was $400 an ounce.
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Juans cost in 1978 1750 50 ounces 35 per ounce In 19...View the full answer
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Personal Finance
ISBN: 978-0077861643
11th edition
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
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