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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Cash Management
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.
5.11% is the per annum rate
You need a daily rate for the Miller-Orr model
