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 you
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Futures gain loss
And 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.
Thanks
Hi john.Are you ok sir?
John please kindly check my above 2 queries.Thanks in advance.
9y ago#4You do not need to say why you divide by 400 - it is the normal rule.
Ok sir.Thanks a lot.
9y ago#6You are welcome :-)
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