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Cash Management

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Cash Management

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  • August 17, 2024 at 10:25 am #709945
    boysbv
    Participant
    • Topics: 29
    • Replies: 20
    • ☆

    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
    IAW3005
    Moderator
    • Topics: 4
    • Replies: 1589
    • ☆☆☆☆☆

    5.11% is the per annum rate
    You need a daily rate for the Miller-Orr model

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