Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Futures gain loss
- This topic has 6 replies, 2 voices, and was last updated 8 years ago by John Moffat.
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- November 25, 2016 at 2:17 pm #351412
John if i use the method you used In your lectures for calculating gain or loss on interest rate futures which are:
Opening futures minus closing futures divided by 400 into number of contracts into contract size am i going to get full marks or i will required by examiner to say why i am dividing by 400.
Thank youNovember 25, 2016 at 2:31 pm #351422And i find the premium cost by dividing the premium by 400 and multiplying by contract size and into number of contracts is it necessary to exPlain why i am dividing by 400.
ThanksNovember 27, 2016 at 4:29 am #351749Hi john.Are you ok sir?
November 27, 2016 at 5:56 am #351764John please kindly check my above 2 queries.Thanks in advance.
November 27, 2016 at 6:11 am #351777You do not need to say why you divide by 400 – it is the normal rule.
November 27, 2016 at 7:26 am #351786Ok sir.Thanks a lot.
November 27, 2016 at 10:43 am #351851You are welcome 🙂
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