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Ask the Tutor ACCA AFM

future basis

Sshilpa8y ago
acca p4 bpp edition for exams in sep2016,dec16,mar17,june 17 mock exam Q2, in calculating the basis risk why did we take spot rate 1/1.433 and not 1/1.439 on end of april and cant we presume june future rate on end of april same as spot for the end of june??why spot of end of april taken for end of june as well?
John MoffatJohn MoffatTutor8y ago#1
I am sorry, but I only have the current edition of the BPP Revision Kit.
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