What would Juan's profit have been if he had sold all of his gold in 1980? In
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.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (9 reviews)
If Juan had sold all of his gold in ...View the full answer
Answered By
Nyron Beeput
I am an active educator and professional tutor with substantial experience in Biology and General Science. The past two years I have been tutoring online intensively with high school and college students. I have been teaching for four years and this experience has helped me to hone skills such as patience, dedication and flexibility. I work at the pace of my students and ensure that they understand.
My method of using real life examples that my students can relate to has helped them grasp concepts more readily. I also help students learn how to apply their knowledge and they appreciate that very much.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Personal Finance
ISBN: 978-0077861643
11th edition
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
Question Posted:
Students also viewed these Corporate Finance questions
-
As chairman of Walk-About, you are concerned that inflation may squeeze your profitability. Specifically, you feel committed to the 30 selling price, and fear that lowering the quality of the shoes...
-
In 2004, Ashley Revell sold all of his possessions and gambled his entire wealth of $136,000 on one spin of a roulette wheel. He bet on Red. If the ball landed on red, he would double his money and...
-
In 1999, the plaintiff sold his New Yorkbased public relations firm, Lobsenz Stevens, to the defendants, Publicis S.A., a French global communications company, and its American subsidiary. The sale...
-
A circular post, a rectangular post, and a post of cruciform cross section are each compressed by loads that produce a resultant force P acting at the edge of the cross section (see figure). The...
-
For each of the following compounds, draw an isomer that has the same functional groups. Each intersection of lines represents a carbon atom with the appropriate number of hydrogensattached. ( CH (a)...
-
A wire is stretched between two posts. Another wire is stretched between two posts that are twice as far apart. The tension in the wires is the same, and they have the same mass. A transverse wave...
-
Use the wine quality data in Table B. 11 to construct a regression model for quality using the stepwise regression approach. Compare this model to the one you found in Problem 10.4, part a. Data From...
-
1. The film sequence shows three people interacting in a work environment. Which aspects of organizational behavior discussed in this chapter appear in this sequence? 2. The three people in this...
-
2) What is the negation of this proposition? [0.5pt] "If it is below freezing, it is snowing" a) It is not below freezing, and it is not snowing b) It is below freezing, and it is not snowing c) It...
-
Draw all the resonance forms for the sigma complexes corresponding to bromination of aniline at the ortho, meta, and para positions.
-
What was Juan's profit in 1980 and in 1982? 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...
-
Suppose Dave invested only $20,000 of his own money and borrowed $180,000 interest-free from his rich father. What was his return on investment?
-
Problems 43 through 46 concern the differential equation where k is a constant. (a) Assume that k is positive, and then sketch graphs of solutions of x' = kx 2 with several typical positive values of...
-
Resolve the following: The price of ice cream increased in the summer, yet quantity also increased. Therefore, the law of demand does not apply to ice cream.
-
Look at the strong and weak recruiters coming to your university to hire. How do these firms marketing assets affect their success in recruiting you and your peers?
-
The trial balance for a small business at 31 August 2011 is as follows: Required: 1 The adjustments to the ledger accounts for rent and business rates for the year to 31 August 2011. 2 An income...
-
Describe the long-run equilibrium of the competitive fi rm. Conceptually remove a single assumption of perfect competition and analyze whether and how the process of long-run equilibrium would...
-
Fine Teas operates its petty cash account on the imprest system. It is maintained at a figure of 140, with the balance being restored to that amount on the first day of each month. At 30 April 2012...
-
If Natalie Garson assumes someone else will report the apparent authorized transfer to Vic Construction, she would be subject to _____________. a. The whistleblower effect b. The tone at the top...
-
In muscle tissue, the ratio of phosphorylase a to phosphorylase b determines the rate of conversion of glycogen to glucose 1phosphate. Classify how each event affects the rate of glycogen breakdown...
-
1. A stock sells at $15 per share. (a) What is the EPS for the company if it has a P/E ratio of 20? (b) If the companys dividend yield is 3 percent, what is its dividend per share? (c) What is the...
-
The investments of Harry and Belinda have done well through the years. While the cash portion of their portfolio has risen to $16,000, it is earning a minuscule 1 percent in a money market account;...
-
(a) Why should Victor and Maria consider buying common stock as an investment with the additional money? (b) If Victor and Maria bought a stock with a market price of $50 and a beta value of 1.8,...
-
After the company issues an initial public offering and they desire to offer additional shares, one option is the seasoned equity offering. What are the differences between a convertible bond and a...
-
4. A stock provides a dividend yield of 5.0% paid semi- annually. The spot price of the stock is currently $500, and the risk-free rate is 7.5% with continuous compounding for all maturities. 1. What...
-
1. A 1000 bond issued on January 10, 2021 is paying coupons at a nominal interest rate of 7% payable semiannually. The bond is redeemed at par and matures on January 10, 2031. The nominal yield rate...
Study smarter with the SolutionInn App