Sir, I really confused with Boluje Co dec2008 qtn..
Why we not giving time time apportionment in forward exchange rate..
Ask the Tutor ACCA FM
Money market Hedge and Forward market hedge
10y ago#1Why do you want time apportionment?
You are asked to look at the interest payable in one years time, and the forward rate given is the 12 month (i.e. I year) forward rate. There is no time apportionment relevant.
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