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George is thinking about doing speculating in interest rates. He thinks rates will fall and, in response, the price of Treasury bond futures should move

George is thinking about doing speculating in interest rates. He thinks rates will fall and, in response, the price of Treasury bond futures should move from 93, in their present quote, to a level of about 96'4. Given a required margin deposit of $1,155 per contract, what would George's return on invested capital be if prices behave as he expected?
294.37%
303.03%
281.39%
270.56%

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