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Not sure how to do it, only listed questions from past paper. would anyone like to upload the analysis from recent text book?
me, looking for the same thing…… Can anyone who found some useful be willing to discuss and share with us?
Thanks!
Thanks. Yes, the examiner said that currencies in the exam will be quoted as indirect quotes. But BPP text book( 2011)gave some examples, which seem not follow formula. please see Page: 423 – example 3.4.1 and 3.5.1
3.4.1:
A US company is expecting to receive Kuwaiti dinars in one year’s time, the spot rate is US dollar/dinar 5.4670. The comany could borrow in dinars at 9% or in dollars at 14%.Prodict what the forward rate:
The anwer was given:Forward rate= 5.4670*( 1.14/1.09)
Who can explain if it is correct?
Failed again! Really need to take this paper seriously. Hope can get help here!
Glad to see people studying P4 here, pls count me in the group. I am planing to take P4 in June 2011. My email: jing_zhang@hotmail.co.uk.
Can anyone know if BPP new study text book came out for 2011 or not?
Thanks!