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.
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Asteroid Systems
6y ago#1I 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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