When buying or selling future contract

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Reference no: EM132044909

1. What is the present value of a 9-year annuity of $5,500 per year that has payments made at the beginning of each year? The interest rate is 11 percent. (Enter your answer as a positive number rounded to 2 decimal places. )

2. When buying or selling a future contract, the trader commits what amount of funds.

Reference no: EM132044909

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