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Consider a single stock futures contract on the stock of Brandex, a company that currently pays no dividends. Each contract calls for delivery of 1,000

Consider a single stock futures contract on the stock of Brandex, a company that currently pays no dividends. Each contract calls for delivery of 1,000 shares of stock in one year. The one-year T-bill rate is 4.00%. If the Brandex stock price dropped from $115.00 by 4.00%, How much is the profit (or loss) for the Futures investor? Enter your answer in the following format: + or - 1234.56 Hint: Answer is between -4,209.92 and -5,262.40

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