Assume juan bought 24 ounces of gold for 3960 as protection, Financial Management

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Assume juan bought 24 ounces of gold for 3960 as protection

Assume Juan bought 24 ounces of gold for $3,960 as protection against rising inflation. He sold half the gold in 1980 at a price of $630 an ounce. Juan sold the other half in 1982 when the price was $395 an ounce.

What was Juan’s profit in 1980 and in 1982?

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Financial Management: Assume juan bought 24 ounces of gold for 3960 as protection

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Financial Management: Assume juan bought 24 ounces of gold for 3960 as protection

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