Answer: 0.3%

## Explanation The total return for a commodity futures position consists of three components: 1. **Price return** - from changes in the futures price 2. **Roll yield** - from rolling futures contracts 3. **Collateral return** - from the collateral posted **Calculation:** - **Price return** = (Ending price - Beginning price) / Beginning price = ($99 - $100) / $100 = -1.0% - **Roll yield** = +0.8% (given) - **Collateral return** = +0.5% (given) **Total return** = Price return + Roll yield + Collateral return = -1.0% + 0.8% + 0.5% = **0.3%** Therefore, the total return is closest to 0.3%, which corresponds to option B.

Author: LeetQuiz Editorial Team