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On February 1, a company enters into one futures contract to purchase May crude oil $60 a barrel, and opens a margin account at the

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On February 1, a company enters into one futures contract to purchase May crude oil $60 a barrel, and opens a margin account at the exchange, based on that purchase contract. Assume the company closes out its position on June 1 by entering into one futures contract to sell May crude oil at $62 a barrel. Crude oil futures contracts are for 1,000 barrels per contract, and required initial margins are 3%. What is the company's HPR on those transactions? What is the company's HPR on those transactions? 52% 93% 111% 322%

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