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 1,300 shares of stock in 1 year. The T-bill rate is 8% per year. a. If Brandex stock now sells at $190 per share, what should the futures price be? (Round your answer to 2 decimal places.)

b. If the Brandex price drops by 5%, what will be the new futures price and the change in the investors 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 $11,400, what is the percentage return on the investors position? (Round your answer to 2 decimal places. Negative amount should be indicated by a minus sign.)