Hello sir,
BPP current 2017 Kit question no 56:
A (iii): calculating hedge efficiency 56238/74194 Can't get where denominator comes from ? Please advice. Thank you
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KYT 6/99
On my calculator its 74'247 which is coming theres no rounding errors aswell.
9y ago#2At the current spot rate, the 140M converts to 140M/128.15 = 1092470.
At the spot rate on the date of the transaction it converts to 1166667
The difference is 74197
Thank you sir. Brilliant
9y ago#4You are welcome :-)
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