You will receive $131 in 9 years time. If the discount rate is 15% per annum continuously compounded, what is the present value of this future cashflow?

Enter your answer with 2 decimal places. Do not enter the dollar sign "$".

Which party initiates the trade of a forward contract?

A trader enters a long futures contract on an asset when the futures price (F) is $2,600 per unit. Each contract covers 100 units of the underlying asset. The contract is closed out when the futures price (F) is $2,450. Which of the following is true.