• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • FIA Forums
  • CIMA Forums
  • OBU Forums
  • Qualified Members forum
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March 2025 exams.
Get your discount code >>

BSOPS- Marengo Co Dec 2010

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › BSOPS- Marengo Co Dec 2010

  • This topic has 5 replies, 2 voices, and was last updated 10 years ago by John Moffat.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • November 22, 2015 at 9:06 am #284457
    Jyoti
    Member
    • Topics: 3
    • Replies: 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 Moffat
    Keymaster
    • Topics: 57
    • Replies: 54804
    • ☆☆☆☆☆

    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
    Jyoti
    Member
    • Topics: 3
    • Replies: 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 Moffat
    Keymaster
    • Topics: 57
    • Replies: 54804
    • ☆☆☆☆☆

    That is correct 🙂

    November 22, 2015 at 10:10 am #284488
    Jyoti
    Member
    • Topics: 3
    • Replies: 2
    • ☆

    Thank you very much!!

    November 22, 2015 at 10:14 am #284490
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54804
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
Viewing 6 posts - 1 through 6 (of 6 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • hadeelalhumaidi on The Statement of Financial Position and Income Statement (part c) – ACCA (FA) lectures
  • hadeelalhumaidi on The Statement of Financial Position and Income Statement (part c) – ACCA (FA) lectures
  • BARROS on Introduction to Financial Accounting – ACCA Financial Accounting (FA) lectures
  • muzi569 on Inventory Control (part 3) – Economic Batch Quantity – ACCA Management Accounting (MA)
  • zurapirveli@gmail.com on Other cash flow issues – ACCA SBR lectures

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in