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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Kenduri Co 06/13
Hi , firstly , thanks so much for the fantastic lectures and notes .I have one question on futures . In a scenario whereby you are not given a closing future price or closing spot rate as in question above & future is closed on maturity , is it appropriate to use forward rate as closing rate ? My answer worked out the same but I just want to be sure . Thanks
No – you should use the lock-in rate (which I explain my free lectures) 🙂
Thanks so much for clarifying .
You are welcome 🙂