My first car was my cheapest. Honda Civic 1991 DX. Bought it in 1994 at AED23000, besides normal wear and tear like brakes and oil and filter change, just had to replace the fuel pump. This costed me AED 75 as I did it myself, just had to buy the part. After 4 years sold it...
$42k for BMW ($30k futures price * 1.4 conversion factor) New locked-in profit: $9k/ $33 = 27% Benninga, CTD 18sep05 13 After change in relative prices BMW is the cheapest to deliver: Buy for $35k, deliver for $42k. Return = $42/ $35 – 1 = 20% ...