Question: Taryn Arsenault is a regular commodities speculator. She is currently considering a short position in July oats, which are now trading at 284. Her analysis

Taryn Arsenault is a regular commodities speculator. She is currently considering a short position in July oats, which are now trading at 284. Her analysis suggests that July oats should be trading at about 279 in a couple of months. Assuming that her expectations hold up, what kind of retum on invested capital will she make if she shorts 3 July oats contracts (each contract covers 5,000 bushels of oats) by depositing an initial margin of $800 per contract? Her return on invested capital is \%. (Round to two decimal places.)

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