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Polytot June 2004

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Polytot June 2004

  • This topic has 3 replies, 2 voices, and was last updated 7 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • August 21, 2017 at 5:19 pm #402803
    parisnaaa
    Member
    • Topics: 32
    • Replies: 92
    • ☆☆

    Hi!
    When calculating the forwards I did 1.5398+(1.5178-1.5398)/9*1 but didn’t give me the right answer. The examiner did 1.5398-(1.5398-1.5178)/9*1.But in lammer plc June 2006, the examiner did in my way. Please explain me the correct method.

    August 21, 2017 at 5:32 pm #402806
    parisnaaa
    Member
    • Topics: 32
    • Replies: 92
    • ☆☆

    Hi
    In b how did they calculate £1.5m and £1.8m.?

    August 22, 2017 at 9:11 am #402894
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54680
    • ☆☆☆☆☆

    The examiner uses the same approach in both Lammer and Polytot.

    Think about it! Since the 3 and 6 month forward rates are lower than spot, then the 4 month forward rate must be lower also!!!

    If they were both higher than spot, then so too would be the 4 month rate.

    August 22, 2017 at 9:12 am #402895
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54680
    • ☆☆☆☆☆

    For b, the answer shows the workings!!!!

    3M kg at 0.50 per kg = 1.5M
    3M kg at 0.6 per kg = 1.8M

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Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Polytot June 2004’ is closed to new replies.

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