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The multiplier for a futures contract on the stock-market index is $250. The maturity of the contract is one year, the current level of the

The multiplier for a futures contract on the stock-market index is $250. The maturity of the contract is one year, the current level of the index is 900, and the risk-free interest rate is 0.6% per month. The dividend yield on the index is 0.3% per month. Suppose that after one month, the stock index is at 918.

a.Find the cash flow from the mark-to-market proceeds on the contract. Assume that the parity condition always holds exactly.(Do not round intermediate calculations.Round your answer to 2 decimal places.)

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