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Dec 2011 q2

Forums › ACCA Forums › ACCA AFM Advanced Financial Management Forums › Dec 2011 q2

  • This topic has 0 replies, 1 voice, and was last updated 12 years ago by adanmano1.
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  • November 16, 2012 at 12:15 pm #55384
    adanmano1
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    • Topics: 2
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    Please can anyone help me understand why the basis unexpired in this question of 0.18 was subtracted from (100-3.8) instead of added to get the estimated futures price for the 1st of may. My revision book from Kaplan says it should be added.

    Also the answer recommends that the futures trade should be June futures price – May futures price, shouldn’t it be; now futures price – may’s futures price. The answer is contrary to what i’ve learn’t so far. please is anyone else confused about this?

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