Sir,
Can you please explain why while calculating the forward rate, the counter and base currency have been divided by 3?
thank you for your help
Ask the Tutor ACCA AFM
Dec12 -q2 Lignum Cp
because it is for 4 months. and 4 months is written as 4/12 or 1/3, so divided by 3
Thanks a lot Judezz91 ;-)
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