Refer to Scenario 11.1. Suppose all five ranchers know that their land that Mariana needs is worth a total of $2 million. If each rancher agrees to sell his or her parcel of land to Mariana for $500,000, Mariana will purchase

A) all five parcels of land and the railway will be built.
B) all five parcels of land but the railway will not be built.
C) only four parcels of land and the railway will be built.
D) no parcels of land and the railway will not be built.

A

Economics

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At an interest rate of 6 percent, what would be the present value of receiving $22,000 twelve years from now?

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Suppose the maintenance margin is $2,000 per contract. How much must you deposit in your brokerage account if you want to sell 20 futures contracts?

A. $2,000 B. $40,000 C. $44,000 D. $200,000

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