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In example 11, while calculating the futures price on 12th September, the number of days between 20th June and 30th June should be 11 days instead of 10 right? U haven’t included the 20th as a date.
Also number of days between 12th sept and 30th sept should be 19 days instead of 18 that u calculated right? or should I not include 12th sept and it starts only after 12th.Sorry – I obviously managed to miss your question 🙁
You would not include both the start day and the end day and so 10 and 18 days are correct.
However you would not lose marks in the exam for just 1 day 🙂
Thanks sir.
Also in question you said that we assume we are in UK and dealing in pounds unless told differently. So I assume the same in exam too??
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