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Cash Management

This topic has 1 reply, 2 voices, and was last updated 9 months ago by LMR1006.

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August 17, 2024 at 10:25 am #709945
boysbv
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Dear Tutor can you please help me with this please.
In question Flit Co, part (e). When calculating the spread why they divided the interest rate of 5.112% by 365.
August 18, 2024 at 9:12 am #709975
LMR1006
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5.11% is the per annum rate
You need a daily rate for the Miller-Orr model
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