FinTrade has just introduced a single$-$stock futures contract on Brandex stock, a company that currently pays no dividends. Each contract calls for delivery of $2,200$ shares of stock in one year. The T$-$bill rate is $6\%$ per year.Required:If Brandex stock now sells at $$180$ per share, what should the futures price be$?$If the Brandex price drops by $3\%,$ what will be the change in the futures price and the change in the investors margin account?If the margin on the contract is $$11,100,$ what is the percentage return on the investors position?