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forward rate distractors

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › forward rate distractors

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by John Moffat.
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  • Author
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  • June 2, 2018 at 1:11 pm #455512
    nayazrojid1
    Member
    • Topics: 26
    • Replies: 9
    • ☆

    Hello Sir,

    i was doing a MCQ that says “3 months interest rate is 5.75% pa” and the question asked to calculate 3 months forward rate. I interpreted it as the rate for 3 months but it was the annual rate according to the marking. Im very confused with the wording. Please help me.

    Best regards,
    ROJID Nayaz.

    June 2, 2018 at 5:19 pm #455570
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54755
    • ☆☆☆☆☆

    You have clearly not watched my free lectures, because I explain this very point.

    Interest rates are always quoted as annual rates in both exams and in ‘real life’ (and that is what the p.a. means anyway – per annum).

    I do suggest that you watch the lectures. They are a complete free course for Paper F9 and cover everything needed to be able to pass the exam well.

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