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Suppose the initial margin requirement for the oil contract is 20%. Contract size is 1000 barrels. The spot oil price $62.48. Current future price for

Suppose the initial margin requirement for the oil contract is 20%. Contract size is 1000 barrels. The spot oil price $62.48. Current future price for March is $62.48. If the spot oil price at maturity date is 65.48, and you only invest on oil commodity and dont use future contract, whats your return if you buy the oil?

A. 9%

B. 12%

C. 4.8%

D. 2%

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