1. Cameron pays 15% in dividend and capital gains taxes and 35% in ordinary income taxes. Ten years ago, Cameron purchased a position in a limited partnership for $10,000. Three years later, she was required to contribute $2,000 more to the partnership. Two years ago, she was required to contribute an additional $2,000. If Cameron sells her limited partnership investment today for $20,000, what are the taxes?
2. Assume that the futures price of gold is $390 a troy ounce, andthe contract is for 100troy ounces. The initial margin is $2,000. If the future price increases by 5.0%, what isthe return to the investor?