2.

On Monday morning you sell one June T-bond futures contract at $97,843.75. The initial margin requirement is $2,700, and the maintenance margin requirement is $2,000 per contract. Use the following price data to answer the following questions.

Day		Settle
Monday	$	97,406.25
Tuesday	$	98,500.00
Wednesday	$	100,000.00

At the close of day on Tuesday your cumulative rate of return on your investment is ________.

		5.8%
		None of the choices
		24.3%
		2.2%
		16.2%