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Dear John
I do find it enjoyable watching your lectures:) thank you for doing what you have been doing. It is much appreciated.
Thank you for your comment 🙂
You are welcome 🙂
Hi Mr Moffat, I may be wrong but from 1 July to 31 August should actually be 2 months? Therefore 0.0200 x 2/3 (rather than 1/3). Then from 31 Aug to 30 Sep will be 1/3. You made the point very clearly, I just want to make sure that this logic is correct. Thanks for the lectures!
1 July to 31 August is indeed 2 months. Therefore the basis will have fallen by 2 months out of 3, and the basis remaining will be for 1 month out of 3 i.e. 1/3 x 0.200.
The answer is correct 🙂
Oh I see, that makes sense 🙂 Sorry I was a bit confused, now I see how you did it. Thanks so much!