Question: 15.3 George Seby is thinking about doing some speculating in interest rates. He thinks rates will fall and, in response, the price of Treasury bond

15.3 George Seby is thinking about doing some speculating in interest rates. He thinks rates will fall and, in response, the price of Treasury bond futures should move from 87-7.7, their presentquote, to a level of about 94. Given a required margin deposit of $1,380 per contract, what would George's return on invested capital be if prices behave as he expects? If prices behave as he expects, George's return on invested capital will be BLANK %

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