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Lammer PLC

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Lammer PLC

  • This topic has 3 replies, 2 voices, and was last updated 7 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • November 23, 2017 at 7:05 pm #417676
    jaleah
    Member
    • Topics: 2
    • Replies: 6
    • ☆

    Hi John, please assist.

    3 months forward 1.9066-1.9210
    1 year forward 1.8901-1.8945
    This is for a $ payment.

    How do i calculate 5 month’s rate?

    Thank you

    November 24, 2017 at 8:37 am #417751
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54754
    • ☆☆☆☆☆

    You apportion linearly between the 3 month and the 12 month forward rates.

    There is 9 months difference between them, so you take the 3 month rate and add on 2/9 of the difference between the rates so as to get a 5 month rate.

    November 28, 2017 at 1:07 pm #418632
    jaleah
    Member
    • Topics: 2
    • Replies: 6
    • ☆

    Thank you John. Much clearer..

    November 28, 2017 at 2:18 pm #418674
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54754
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Lammer PLC’ is closed to new replies.

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