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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

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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 93-1.9, their present quote, to a level of about 98. Given a required margin deposit of $1,690 per contract, what would George's return on invested capital be if prices behave as he expects? lf prices behave as he expects, George's return on invested capital will be % Round to two decimal places

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