George Seby is thinking about doing some speculating in interest rates. He thinks rates will fall​ and, in​ response, th

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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 89​-15.3​, their present​
quote, to a level of about 93. Given a required margin deposit of
$1,030 per​ contract, what would​ George's return on invested
capital be if prices behave as he​ expects?
1. If prices behave as he​ expects, ​George's return on invested
capital will be ___​%.