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The price for December 2017 coffee futures is $1.2575 per pound. A single contract covers 37,500 pounds. The margin requirement is $4,950. If coffee prices

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The price for December 2017 coffee futures is $1.2575 per pound. A single contract covers 37,500 pounds. The margin requirement is $4,950. If coffee prices close in December 2017 at $1.27 per pound and I am long 1 future contract, what is my return? Write your answer as a percentage, rounded to two decimal places. Omit the % sign. E.g., if the answer is 12.34%, write "12.34

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