OneChicago has just intioduced a new single stock futures contract on the stock of Erandex, a compary that currentiy pays no dividends. Each contract calls for delivery of 3,000 thares of stock in one yeat. The T. bal rate is 3% per year Required: a. If Brandex stock now sells at 5310 per thare, What should the fulures price be? (Round your answer to 2 decimol places) b. Brandex stock now solls at St10 per shace. H the Brandex tock price drops by 102 what wall be the new futures price and the change in the investor's margin account? (input all amounts os positive volues. Do not round intermediote calculations. Round your onwwers to 2 decimel ploces.) c. Brandex stock now sells at $310 per share. If the margin on the contract is $50,000, what is the percentage return on the itivestor's poseion, if the Brandex stock price drops by 1.0x? (Negotive omount should be indicoted by o minus sign. Do not round intermediate colculations. Round your answer to 2 decimal ploces.)