George Seby is thinking about doing some speculating in interest rates. He thinks rates will fall and, in response, the price of Treasury bond futures should move from 92-15.0, their present quote, to a level of about 98. Given a required margin deposit of $1,350 per contract, what would George's return on invested capital be if prices behave as he expects? If prices behave as he expects, George's return on invested capital will be %. (Round to two decimal places.) As it turns out, you were correct when you purchased 5 contracts for feeder cattle at 74.5, as the spot price on cattle rose to 90.9 on the delivery date given in your contracts. You are required to put down 12%. How much money did you make? What was your return on invested capital? (There are 50,000 pounds in one contract for feeder cattle.) The amount of money made, or your profit, is $ (Round to the nearest dollar.) Tori Reynolds has been an avid stock market investor for years. She manages her portfolio fairly aggressively and likes to short-sell whenever the opportunity presents itself. Recently, she has become fascinated with stock-index futures, especially the idea of being able to play the market as a whole. Tori thinks the market is headed down, and she decides to short sell some S&P 500 stock-index futures. Assume she shorts 3 contracts at 1,448.63 and has to make a margin deposit of $19,640 for each contract. How much profit will she make, and what will her return on invested capital be if the market does indeed drop so that the CME contracts are trading at 1,429.04 by the time they expire? (The multiple on one S&P 500 Index future contract is $250.) .... If the market does indeed drop so that the CME contracts are trading at 1,429.04 by the time they expire, her profit will be $ 14692.50. (Round to the nearest cent.) Her return on invested capital will be %. (Round to two decimal places.)