The margin requirement on the S&P 500 futures contract is 10%, and the stock index is currently 1,300. Each contract has a multiplier of $50. a. How much margin must be put up for each contract sold?

b. If the futures price falls by 2% to 1,274, what will happen to the margin account of an investor who holds one contract? (Input the amount as a positive value.) c-1. What will be the investor's percentage return based on the amount put up as margin? (Negative value should be indicated by a minus sign. Round your answer to 2 decimal places.) c-2. What would be the current cash balance in the margin account?