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Awan co december 2013

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Awan co december 2013

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by John Moffat.
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    Posts
  • January 23, 2020 at 10:52 am #559529
    rimshy
    Member
    • Topics: 95
    • Replies: 91
    • ☆☆

    My first question is related to FRAS
    Sir i solved the way as
    If int rate increases by 0.9%
    Actual return on deposit
    ( 48m×4.79%×4/12) $766400
    Payment to voblaka bank
    (4.82%_4.79%×48m ×4÷12) 4800
    Net return 771200

    But when i am looking answer at the back while calculating payment to voblaka bank they used( 4.99%_4.82%×48m×4/12)… i think they should have used 4.79% instead of 4.99%) please explain and correct me

    2 i have doubt in part b theory which says how delta value of an option could be used in determining the No of contracts purchased i cannot understand this part please guide

    January 24, 2020 at 7:57 am #559796
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54701
    • ☆☆☆☆☆

    1. FRA’s do not have to be made with the bank with whom the investment is made – it can be with another institution and the payments are made by reference to the inter-bank rate.

    2. I explain delta hedges in detail in my free lectures on options.

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