1. avatar says

    Please can someone help me?
    From the Link below

    Global Pilot paper – from June 2013 exams
    Question 2 – Alecto Co.

    In the solution, when calculating the profit/loss of the futures deals for both interest rate futures and options on interest rate futures, the calculation was not divided by 400 as explained by the tutor here, can you please explain why this was the case?

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