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 600, and the risk-free interest rate is .3% per month. The dividend yield on the index is .2% per month. Suppose that after one month, the stock index is at 605.

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.)

Cash flow

$

b.	Find the one-month holding-period return if the initial margin on the contract is $20,000. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Holding-period return

%