Option

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May 13, 2019 at 4:34 pm #515793
aidenlim
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Dear Sir,

June 2014 Q1 (a) – Options Contract (Exercise Price USD 1.07)

Based on the model answer, the number of contract is 38 contracts.

However, if I round down to 37 contracts and add the amount not hedged from the total payment, my answer still correct?
May 14, 2019 at 8:17 am #515858
John Moffat
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Yes – it does not matter which was you round it. Obviously the final result would be different, but it is not the final result that matters in the exam and you would still get full marks.
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