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Currency futures ex 11, lecture 3a Ch18

This topic has 1 reply, 2 voices, and was last updated 7 years ago by John Moffat.

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June 3, 2018 at 2:46 pm #455776
richardscully
Participant
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Sir
Can you give me a good reason why you used the midmarket rate in ex 11?
Your question never stated to do so and it made a difference to the buy price on the futures by a fair bit.
Regards
June 3, 2018 at 3:57 pm #455791
John Moffat
Keymaster
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I must admit different people do different things. However there is only one price quoted for futures (whether buying or selling) and so most sensible is to compare with the mid-market price. It may make the answer different, but that does not lose any marks.
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