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Hello Sir,
The marking scheme awards one mark for the premium calculation.
But instead of calculating each dollar amount separately, would it be acceptable to keep everything in % terms first (eg. 3.5% + 0.38% ? 0.193%). Then apply the final % once to the amount (144 contracts × $500,000 × 3/12 × 3.69%).
Would this still earn the premium calculation mark?
Thank you for your guidance.
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