Answer part gain on future market use 9616-9602 why not use 96.16-96.02 is it because tick size 0.01
Same question in the option premium calculation 16.3 not 0.163 I am totally confused by the decimal
Thanks so much
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Pilot q2 Alecto
9y ago#1The tick size is indeed 0.01 (although you never actually need to use ticks in the exam - I prefer not to).
I do suggest that you watch my free lectures on interest rate risk management, because it is all explained in the lectures.
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