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An investor buys a single-stock futures contract on Wolowitz Fashions stock, a company that currently pays no dividends sells at $160 per share. Each contract

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An investor buys a single-stock futures contract on Wolowitz Fashions stock, a company that currently pays no dividends sells at $160 per share. Each contract calls for delivery of 1,600 shares of stock in 1 year. The T-bill rate is 4% per year. If the stock price drops by 2% what will be the change in the investor's margin account? (Round your answer to the nearest dollar amount. Negative amount should be indicated by a minus sign.) Change in the investor's margin account If the margin on the contract is $11,300, what is the percentage return on the investor's position? (Round your answer to 2 decimal places. Negative amount should be indicated by a minus sign.) Percentage return on the investor's ponition

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