BSOPS- Marengo Co Dec 2010Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › BSOPS- Marengo Co Dec 2010This topic has 5 replies, 2 voices, and was last updated 9 years ago by John Moffat.Viewing 6 posts - 1 through 6 (of 6 total)AuthorPosts November 22, 2015 at 9:06 am #284457 JyotiMemberTopics: 3Replies: 2☆The d1 calculated was a negative figure i.e. d1= -0.0552, the answer then changes it to -d1=0.0552. Why was that done? Does it have a different meaning? November 22, 2015 at 9:39 am #284475 John MoffatKeymasterTopics: 57Replies: 54656☆☆☆☆☆It is because we are dealing with put options, and the question tells you (the note at the end of requirement (a)) that the delta is N(-d1).d1 = -0.0552, so -d1 = – – 0.0552 = + 0.0522 (two minus’s because a plus) November 22, 2015 at 9:50 am #284483 JyotiMemberTopics: 3Replies: 2☆Thank you.so if the note was not given we would take it as a negative? November 22, 2015 at 10:08 am #284486 John MoffatKeymasterTopics: 57Replies: 54656☆☆☆☆☆That is correct 🙂 November 22, 2015 at 10:10 am #284488 JyotiMemberTopics: 3Replies: 2☆Thank you very much!! November 22, 2015 at 10:14 am #284490 John MoffatKeymasterTopics: 57Replies: 54656☆☆☆☆☆You are welcome 🙂AuthorPostsViewing 6 posts - 1 through 6 (of 6 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In