The futures price of a commodity such as wheat is $2.50 a bushel. Futures contracts are for 10,000 bushels, and the margin requirement is $2,500 a contract. The maintenance market requirement is $1,000. A speculator expects the price of the commodity to rise and enters into a contract to buy wheat. If the futures price rises to $2.60, what is the profit and return on the position? Group of answer choices

a. 66.7% b. 23.7%

c. 33.3%

d. 10%