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Kenduri co 6/13

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Kenduri co 6/13

  • This topic has 0 replies, 1 voice, and was last updated 5 years ago by osamasyed123.
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  • January 12, 2020 at 6:16 pm #557918
    osamasyed123
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    • Topics: 51
    • Replies: 42
    • ☆☆

    Sir as you have demonstrated in the lectures that we always round off the contracts when using currency options as in this question for an exercise price of 1.62 we take 24 contracts but the examiner has taken 23 contracts and used forward rates on the amount underhedged.

    Should we take 24 contracts as rounded off term and expect to get full marks?
    And also to do so in every question

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