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q4 Daikon June 2015 UNEXPIRED BASIS

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › q4 Daikon June 2015 UNEXPIRED BASIS

  • This topic has 3 replies, 3 voices, and was last updated 7 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • September 16, 2015 at 7:02 am #272081
    lonyovko
    Member
    • Topics: 3
    • Replies: 1
    • ☆

    Can you explain how the 2/7 is derived for unexpired basis please?
    Is the 2 because the future expires in feb so March and April are not covered by the future?
    What months does the 7 relate to?
    Thanks

    September 16, 2015 at 10:24 am #272118
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54680
    • ☆☆☆☆☆

    The futures expire in December, which is 7 months from now.
    The loan starts in 5 months time and so that is when the futures deal will be closed. There will therefore be 2 months unexpired.

    I do suggest that you watch the free lectures on futures and options.

    August 30, 2017 at 7:33 pm #404470
    parisnaaa
    Member
    • Topics: 32
    • Replies: 92
    • ☆☆

    Hi John.
    Why is the borrowing cost 136000 instead of 867000? Is it ok if I take 867000 borrowing cost in the exam?

    August 31, 2017 at 7:33 am #404536
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54680
    • ☆☆☆☆☆

    The borrowing cost is 867,000. 136,000 is the extra cost.

    It is fine to take 867000 provided obviously that you explain properly.

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘q4 Daikon June 2015 UNEXPIRED BASIS’ is closed to new replies.

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