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omg i just realised u and i got different sets coz it is not the same question…
anyways am sorry for wasting your time but you have been really kind to me…
Thank you nonetheless…thank you robert…
i may have overlooked something then coz i saw they said basis point was zero so i chose the other method..dunno how could i be so dumb..
also do you by any chance remember how many questions were there in group A and allocated marks for each of them?oh i never thought abt lock in rate..
since outstanding basis point was stated was 0 what i did was i went to next part of investment analysis and using ppt calculated spot rates after 1 year and then based on that closing and opening given i calculated average for 6 months actual spot rate…
and since basis was stated as 0 i used that rate to settle futures also…
do you think i would lose points ?
so scared…yeah like how did you find out rate after 6 months for settling currency futures contract?