Intereat rate futures (december2011 Q#2.b)Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Intereat rate futures (december2011 Q#2.b)This topic has 3 replies, 2 voices, and was last updated 5 years ago by John Moffat.Viewing 4 posts - 1 through 4 (of 4 total)AuthorPosts November 14, 2019 at 9:10 am #552581 dilawarkhandkMemberTopics: 21Replies: 28☆Hello sir, I was confused while calculating the gain on the futures market, in past paper answer, instead of (96.16-96.02) they calculate it as (9616-9602)*25*37, how they calculate 9616 and 9602? November 14, 2019 at 9:17 am #552586 John MoffatKeymasterTopics: 57Replies: 54628☆☆☆☆☆The answer is using ticks. The difference between 96.16 and 96.02 is 0.14, which is 14 ticks (and is the same as 9616 – 9602).I do explain the use of ticks in my free lectures, but as I state in the lectures you never actually need to use ticks in the exam (and I never do 🙂 ) November 15, 2019 at 8:48 pm #552738 dilawarkhandkMemberTopics: 21Replies: 28☆Oo, okay thank you so much sir November 16, 2019 at 10:12 am #552760 John MoffatKeymasterTopics: 57Replies: 54628☆☆☆☆☆You are welcome 🙂AuthorPostsViewing 4 posts - 1 through 4 (of 4 total)The topic ‘Intereat rate futures (december2011 Q#2.b)’ is closed to new replies.