Opentuition notes

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April 13, 2014 at 7:56 am #165166
Ih
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pg 93 eg 9 P4
Sir,in eg 9 we have converted the profit on futures sale at spot,but in eg 8 we havent convertedthe profit at spot.
May i know the reason?
April 13, 2014 at 9:31 am #165175
John Moffat
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In example 8 it does not need to be converted – the profit is calculated in $’s and the company is in the Us using $’s.
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