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day Taryn Arsenault is a regular commodities speculator. She is currently considering a short position in July oats, which are now trading at 217. Her

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day Taryn Arsenault is a regular commodities speculator. She is currently considering a short position in July oats, which are now trading at 217. Her analysis suggests that July oats should be trading at about 211 in a couple of months. Assuming that her expectations hold up, what kind of return on invested capital will she make if she shorts 3 July oats contracts (each contract covers 5,000 bushels of oats) by depositing an initial margin of $518 per contract? Her return on invested capital is % (Round to two decimal places. )

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