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OneChicago has just introduced a single-stock futures contract on Brandex stock, a company that currently pays no dividends. Each contract calls for delivery of 900

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OneChicago has just introduced a single-stock futures contract on Brandex stock, a company that currently pays no dividends. Each contract calls for delivery of 900 shares of stock in 1 year. The T-bill rate is 9% 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.) b. If the Brandex price drops by 7%, what will be the new futures price and the change in the investor's margin account? (Round "Futures price (new)" answer to 3 decimal places and other answer to the nearest dollar amount. Negative amount should be indicated by a minus sign.) c. If the margin on the contract is $14,000, what is the percentage return on the investor's position? (Round your answer to 2 decimal places. Negative amount should be indicated by a minus sign.)

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