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A futures contract is not exchange traded, therefore does not have a ready market value. does not require a margin account to be established. is

A futures contract

is not exchange traded, therefore does not have a ready market value.

does not require a margin account to be established.

is standardized as to amounts and dates.

exposes the contracting party to credit risk.

Perpetual debt is recorded as

a hybrid instrument.

equity.

a liability.

a reduction in shareholders equity.

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