12/16 HELP! I HAVE A TIMED ASSIGNMENT. THERE ARE OTHER QUESTIONS POSTED. THANK YOU!

You purchase a futures contract on Bloom's Comics stock, a company that currently pays no dividends. Each contract calls for delivery of 1,200 shares of stock in 1 year. The T-bill rate is 6% per year. a. If Bloom's Comics stock now sells at $110 per share, what should the futures price be? (Round your answer to 2 decimal places.) Futures price 5. If Bloom's Comics stock price drops by 4% and if the margin on the futures contract is $12,800, what is the percentage return on jour position? (Round your answer to 2 decimal places. Negative amount should be indicated by a minus sign.) Percentage return on your position %