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Future rate to calcualte no of contract (MJ21)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Future rate to calcualte no of contract (MJ21)

  • This topic has 1 reply, 2 voices, and was last updated 2 years ago by John Moffat.
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  • November 19, 2023 at 2:50 am #695088
    phuongmore
    Participant
    • Topics: 131
    • Replies: 128
    • ☆☆☆

    In MJ21, Q3, the examiner use rate 0.2374 to calculate the number of contract, but as your lecture , I understand that rate 0.2378 should be used.
    Please help me to explain what rate should be used ? Although the result for 2 ways is the same due to rounding, I still would like to know what rate is correct.

    Thank you.

    November 19, 2023 at 8:37 am #695098
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54804
    • ☆☆☆☆☆

    There is a logic behind using both of them and so the examiner always allows either.

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