Problem $17-14($Algo$)$

The multiplier for a futures contract on the stock$-$market index is $$50.$ The maturify of the contract is one year, the current lievel of the index is $2\mathrm{.}000,$ and the risk$-$free interest rate is $0\mathrm{.}4\%$ per month. The dividend yield on the index is $0\mathrm{.}2\%$ per month. Suppose that after one month, the stock index is at $2,045.$

Required:

a$.$ Find the cash flow from the mark$-$to$-$market proceeds on the coentract. Assume that the parify condilion always holds exactly, Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.

C$)$ Answer is complete but net

$\backslash$table$[[$Cash fow,$1]]$

b$.$ Find the one$-$month holding$-$period retum if the initial margin on the contract is $$20,000.$

Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.

$(1)$ Answer is complete but not entirely correct.

$\backslash$table$[[$Holding$-$period$],[$reburn$]]$

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