Assume Juan bought 42 ounces of gold for $7340 as protection against rising inflation. He sold half the gold in 1980 at a price of $470 an ounce. Juan sold the other half in 1982 when the price was $400 an ounce. What would Juan's profit have been if he had sold all of his gold in 1980? Juan's profit S 4,830

Assume Juan bought 42 ounces of gold for $7340 as protection against rising inflation. He sold half the gold in 1980 at a price of $470 an ounce. Juan sold the other half in 1982 when the price was $400 an ounce. What would Juan's profit have been if he had sold all of his gold in 1980? Juan's profit S 4,830

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

See similar textbooks

Similar questions

Pleaseeee help me with the problem formula
10
5) Your priceless art collection is stolen (the Gregcasso!), you paid $10,000 for it (sorry no insurance) next you sold your Mutual funds for $3,700 and your ACB was $2,250 with no outlays and expenses. Calculate the combined effect of both Dispositions and what is your Capital gain or loss. 6) You purchased 1,000 units of Mutual funds for 10,000 total in 2015. In 2016 you purchased another 500 units at $9.50 a unit, In 2017 another 600 units at $10.50 a unit were purchased and in 2019 400 units at $11 a unit were added. Calculate the average cost base that you would have per unit for the Mutual funds at the end of 2020.
Michael has a bank account that is worth $80,550. (a) Find the overall ROR if he had deposited $50,000 five years ago and left it undisturbed until now ? (b) Find the real ROR If the inflation over that period was 4% per year ? (c) What is the buying power of his money now compared to the buying power 5 years ago ?
Please answer with explanation. I will really upvote. Thanks
H2.
Your mom just checked on findmassmoney.gov and found out that she has unclaimed property that is worth $3015.54 today. She figured out that she had invested $866 years ago and she calculated that she earned a return of 28.08% on her money. How many years ago did your mom invest that money? Include up to 2 decimal places.
If Deshaun gifts his niece $100,000 in stock which he bought for $25,000, what is his niece's basis? $0 $25,000 $100,000 $15,000
ohn purchased a 150-day $500,000 bank bill (at a simple interest rate) on 15 July 2021. The purchase price was $490,550. He sold this bank bill on 13 August 2021. (b) Assume that John sold this bank bill at a simple interest rate of 3.17% p.a. up to the maturity date of the above bank bill. What is the annualised (simple interest) yield for this investment from 15 July 2021 to 13 August 2021? Round your answer to 3 decimal places in terms of percentage. a. 9.924% b. 10.905% c. 11.182% d. 10.647%
On August 1, 2021, Samonte offered to sell his only diamond ring for P50,000.00 cash to Banzon who was interested in buying the same. Samonte told Banzon that he was giving the latter up to August 31, 2021 to decide whether to buy the ring or not. Banzon agreed to the option and gave Samonte option money of P500.00. On August 18, 2021, Samonte found another buyer who was willing to pay P70,000.00 cash. Samonte personally visited Banzon to inform him that he was withdrawing his offer unless Banzon agreed to buy the ring for P70,000.00.A. Banzon is bound to pay P70,000.00 if he were to avail himself of his option to buy the ring.B. Samonte cannot withdraw the offer because the option is founded upon a consideration of P500.00.C. Samonte may validly withdraw the offer without being held liable for breach of contract since it would be unfair to him if he would receive only P50,000.00 as the price of his ring when another person is willing to buy it at a higher amount.D. Banzon needs to pay…
Km. 207
In 1974, your father purchased a rare art item for $10,000. In 2010, you sold it for $5 million. What annual rate of return did you earn on your father’s purchase? A. 17.77% B. 16.81% C. 20.06% D. 21.43% E. 23.02% F. 18.84%

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS