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MJ18 Adverane – Hedging strategy

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › MJ18 Adverane – Hedging strategy

  • This topic has 1 reply, 2 voices, and was last updated 3 months ago by John Moffat.
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  • June 24, 2023 at 10:07 am #687384
    phuongmore
    Participant
    • Topics: 103
    • Replies: 106
    • ☆☆☆

    In MJ18 Adverane – question on Hedging strategy, please explain the calculation of total receipt in case of using future:

    The answer is :

    Receipt : $6.450.000/1.1210 = CHF 5.753.791
    No of contract : CHF 5.753.791/125.000 = 46.03, say 46

    Can I calculate as below instead of :

    No of contract : $6.450.000/1.1210/125.000 = 46.03, say 46
    Receipt : 46* 125.000 = CHF 5.750.000

    Thank you

    June 24, 2023 at 4:35 pm #687398
    John Moffat
    Keymaster
    • Topics: 56
    • Replies: 53169
    • ☆☆☆☆☆

    Yes, that would be fine 🙂

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