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Asteroid Systems

This topic has 1 reply, 2 voices, and was last updated 6 years ago by John Moffat.

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August 17, 2019 at 8:58 am #527839
toushiga
Participant
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Same for PYQ June 2008
Q3 part (a) Asteriod Systems
The answer mentioned:” Given that the int rates can be licked in this would offer a better forward rate of two months at any borrowing rate less than SFr LIBOR +7″
I don’t understand the meaning of this sentence and why its +7?
Hope you can clarify it to me, Thank you so much.
August 17, 2019 at 10:50 am #527852
John Moffat
Keymaster
- Topics: 57
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I don’t understand it either (and it seems that neither do BPP because they have deleted that bit of the examiners answer in their Revision Kit answer 🙂 )
This question was set by the previous examiner who used to do some very odd things.
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