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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Dec 2014 question 2 keshi co
Hi tutor
I wanna ask why basis points have been added to find the closing future price? How we know that it’s increasing and not decreasing?
The examiner was a bit naughty in this question because there is not enough information in the question to know whether the basis should be added or subtracted. You would have to be given full marks whichever you had done.
Thank you so much for all your help
You are welcome 🙂