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Ask the Tutor ACCA AFM

NUTOURNE CO (DEC 18)

Former userFormer user5y ago

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John MoffatJohn MoffatTutor5y ago#1
The 1.0361 is not what the futures price will be. It is the lock-in rate (which gives the net effect of converting at spot of the date of the transaction together with any gain or loss on the futures). So what you are doing is not correct (even though you would not lose all of the marks).
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