Hillary considers herself a shrewd commodities investor. She bought a May cotton contract (50,000 pounds)...
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Hillary considers herself a shrewd commodities investor. She bought a May cotton contract (50,000 pounds) at $0.6624 a pound, and later sold it at $0.7219 a pound. What were her profit and her return on invested capital if her initial margin was $1,450 and the size of a cotton futures contract is 50,000 pounds of cotton?
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