Please show complete work on questions 4 and 5. The correct answers are provided. Preferred method is using excel to solve the problems.

Thank you.

Today Gold is being traded at $1,900/ ounce. You buy a future contract that delivers Gold in three months from today. Contract size of each futures contract is 100 ounces. Find out the price of each futures contract assuming 3.2% annual continuous compounding rate. $209,144.22$209,102.56$191,526.10$191,502.09 Question 5 Today XOM's stock is being traded at $60. You buy a futures contract that delivers XOM's stocks in six months. Contract size of each futures contract is 100 shares. You know that XOM will pay a dividend of $2 per share in three months from now. Find out the price of each futures contract assuming 4% annual continuous compounding rate. $5,919.20$6,323.22$6,121.21$5,905.14