George purchased a futures contract at 349. The contract is on 2500 units, requires a 10% margin deposit and is priced in cents per unit. George sold the contract at 278. What is George's return on invested capital
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Step 1
Step 1: Calculate the loss on the contract Given that George purchased the futures contract at 349 and sold it at 278, the loss on the contract is 278 - 349 = -71. Show more…
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