One Chicago has just introduced a new single stock futures contract on the stock of Brandex, a company that currently pays no dividends. Each contract calls for delivery of 1,500 shares of stock in one year. The T-bill rate is 4% per year.

a.If Brandex stock now sells at $210 per share, what should the futures price be?(Round your answer to 2 decimal places.)

Futures price$=

b.If the Brandex stock price drops by 1.0%, what will be the change in the futures price and the change in the investor's margin account?(Input all amounts as positive values.Do not round intermediate calculations.Round your answers to 2 decimal places.)

New futures price$=

Change in the investor's margin account$=

c.If the margin on the contract is $30,000, what is the percentage return on the investor's position?(Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.)

Percentage return%=