Patrick believes that the economy is recovering and that, Ask an Expert

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Patrick believes that the economy is recovering and that the price of copper will rise. He wants to enter into futures contracts to buy 100,000 pounds of copper. He enters into a contract to purchase copper at $3.50 per pound. Six months later, the value of copper is $3.70 per pound. Patrick invested $5,000. Calculate his profits and return on invested capital.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91802669

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