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FM RISK MAnagment

This topic has 3 replies, 2 voices, and was last updated 1 year ago by LMR1006.

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April 28, 2024 at 3:06 pm #704634
Germaineeloh
Participant
- Topics: 6
- Replies: 4
Spot Uk$1=A$1.7574
Six mth forward uk $1=A$1.7245
The int rate in Australia is 5% per year for a six month deposit or borrowing
What is the annual int rate for a six. Month deposit or borrowing in uk.
Answer is 8.90%
I can’t work it out pls
Help
April 28, 2024 at 8:49 pm #704646
LMR1006
Keymaster
- Topics: 4
- Replies: 1505
Where are your questions from?
Are you using our material, ACCA, BPP or Kaplan?
And if so what question is it?
This appears to be another question that I doubt the answer.
April 29, 2024 at 11:03 am #704662
Germaineeloh
Participant
- Topics: 6
- Replies: 4
Kaplan workbook
April 29, 2024 at 5:46 pm #704706
LMR1006
Keymaster
- Topics: 4
- Replies: 1505
What is the question number?
Is it from the text or the kit?
We have lots of textbooks and exam kits to look at you know!
It is impossible to know every question.
Try to be more clear if you want our help please
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