FNDC PLC (Dec 06)Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › FNDC PLC (Dec 06)This topic has 1 reply, 2 voices, and was last updated 6 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts November 22, 2018 at 7:15 am #485461 SaimonParticipantTopics: 123Replies: 55☆☆Requirement : C1)Net premium payable (£45m*0.095%)*”2/12″My question is why “2/12”, shouldn’t it be “3/12”2) Can i calculate loss on call option as follow(60 contract * £0.5m)*(((96-96.37)/100)*3/12) = – £27750As it give same result November 22, 2018 at 9:44 am #485491 John MoffatKeymasterTopics: 57Replies: 54733☆☆☆☆☆1. Yes – it should be 3/12 (and the examiner has made the same mistake in part (a) of the question as well).2. That is fine 🙂AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In