• Profile photo of John Moffat says

      I make it very clear in the lecture and in the course notes that you cannot be asked calculations on futures and that my little example is simply to explain the principle.

      However, I also make it very clear that you can be asked to explain how futures work – that is why I go through the basic example.

  1. avatar says

    I have enjoyed every other chapter in the study text and your lectures are fantastic Mr Moffat! But this chapter is killing me! I keep yawning! 😀 😀
    I need matchsticks in my eyes! lol

  2. avatar says

    hi everyone. i just finished this part of the lesson, and i did not understand why the chosen exchange rate was 1.5831 for spot rate instead of 1.5726, as this goes with selling dollars and the study case was referring to buying dollars for paying thank you

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