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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 1,900

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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 1,900 shares of stock in 1 year. The T-bill rate is 8% per year. a. If Brandex stock now sells at $200 per share, what should the futures price be? (Round your answer to 2 decimal places.) Futures price 5 216.00 b. If the Brandex price drops by 5%, what will be the new futures price and the change in the investor's margin account? (Round "Futures price (new)" answer to 3 declmal places and other answer to the nearest dollar amount. Negative amount should be Indicated by a minus slgn.) S Futures price (new) Change in the investor's margin account 205.200 (21,600) S c. If the margin on the contract is $13,800. 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.) Percentage return on the investor's position (1.57) X %

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