Briefly explain any two important differences between a


1. What’s the interest rate of a 7-year, annual $4,100 annuity with present value of $20,000?

2. Explain how the BOP can affect exchange rates both under a fixed exchange rate system and under a flexible exchange rate system.

3. Briefly explain any two important differences between a call option and a put option.

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Financial Management: Briefly explain any two important differences between a
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