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for money market hedge, in part b calculation, question states as ” sterling up to 6months ”
What does this six months refer to ?
The interest rates are those applicable for borrowing or investing for periods of up to 6 months (so if the borrowing/investing is for (say) 4 months, then these rates apply).
Obviously, as always, they are quoted as annual interest rates, as I explain in my lectures.
does it mean that if it wasn’t up to 6 months. What happens if it was up to one month ?
then since the question is asking for in five months, we can’t use this rate ?
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