1. Yesterday you sold six-month futures on the German DAX stock market index at a price of 6,260. Today the DAX closed at 6,250 and DAX futures closed at 6,268. You get a call from your broker, who reminds you that your futures position is marked to market each day. (a) How much will you have to pay the broker or will she pay you? Draw your position diagram. (b) If the annual dividend yield on the DAX index is 1%, what is the implied German interest rate? 1. Yesterday you sold six-month futures on the German DAX stock market index at a price of 6,260. Today the DAX closed at 6,250 and DAX futures closed at 6,268. You get a call from your broker, who reminds you that your futures position is marked to market each day. (a) How much will you have to pay the broker or will she pay you? Draw your position diagram. (b) If the annual dividend yield on the DAX index is 1%, what is the implied German interest rate