• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • FIA Forums
  • CIMA Forums
  • OBU Forums
  • Qualified Members forum
  • Buy/Sell Books
  • All Forums
  • Latest Topics

Save 20% on ACCA & CIMA Books

Interactive BPP books for June 2026 exams, recommended by OpenTuition.
Get discount code >>

Q57 asteroid

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Q57 asteroid

  • This topic has 3 replies, 2 voices, and was last updated 9 years ago by AvatarJohn Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • February 10, 2017 at 10:02 am #371845
    Avatarshilpamary
    Member
    • Topics: 98
    • Replies: 81
    • ☆☆

    since asteriod is receiving money from swiss its reverse money market

    euro [ pv ]……………………………………………. [ fv ]
    deposit <———————————- 1.5 euros
    . { x * 2/12}
    ;
    \ / { * 1.6199}
    borrow X {1+2.17} X
    (CHF)

    Shouldn’t flow be like this (money market hedge )
    here borrowing rate of chf is directly given 2.17 then why we are finding out i(c) in forward rate calculation
    we need to find i(b) right since deposit rate of euro is not given?? and why we are multiplying rates by 2/12 when its already 2month interest rate.Hope my chart flow is understandable

    February 10, 2017 at 7:06 pm #371893
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54845
    • ☆☆☆☆☆

    I am away from home until late tomorrow and so I do not have access to the question.

    Please ask again on Monday and I will answer you then.

    February 13, 2017 at 5:31 am #372146
    Avatarshilpamary
    Member
    • Topics: 98
    • Replies: 81
    • ☆☆

    this is to remind you .. 🙂

    February 13, 2017 at 9:34 am #372180
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54845
    • ☆☆☆☆☆

    Interest rates are always quoted annually, so the rates given are annual rates dependent on the time period. So for 2 months it is 2/12 time the annual rate.

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Q57 asteroid’ is closed to new replies.

Primary Sidebar

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE Exams – Instant Poll

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • AKareem on ACCA TX-UK FA2025 Chapter 14 Capital Gains Tax – Individuals – Reliefs
  • Breadtoast67 on Diversification – ACCA Strategic Business Leader (SBL)
  • Breadtoast67 on Diversification – ACCA Strategic Business Leader (SBL)
  • TEDI on IAS 16 Property, plant and equipment – Initial Recognition – CIMA F1 Financial Reporting
  • ChanNV on Framework – measurement – ACCA Financial Reporting (FR)

Copyright © 2026 · Contact · Advertising · OpenLicense · About · Sitemap · Privacy Policy · Cookie settings · Comments · Log in