Consider a futures contract on Facebook stock that pays no dividend. Each contract requires the delivery of 2,000 shares. The annual risk-free rate is 4% and interest is earned discretely. An investor enters into the futures contract on Facebook stock, deliverable in exactly 9 months. The stock is currently selling at $200. The margin requirement was set at 15% of the notional value.

What is the percentage return on the investor's long futures position if the Facebook stock drops by 5.0% exactly six months later and the broker marks the account-to-market?

Group of answer choices

-45.63%

-30.00%

-15.00%

-5.00%

-33.33%