Please Answer the Question below:

Find the total yield(%) on the initial investment for the given contract (per 1000 ton contract):

The expiring Coal one-year forward contract future price = $210.00 per ton.

Spot price (at inception) = $200.00.

A margin of 5% of the contracts face value ($210,000) was deposited in form of a T-bill earning 3% for the year.

a. 5%

b. 98%

c. 95%

d. -2%