20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

Qs 50 kenduri co money mrket

This topic has 1 reply, 2 voices, and was last updated 7 years ago by John Moffat.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
May 29, 2018 at 6:16 pm #454689
adurich
Member
- Topics: 127
- Replies: 120
In money market hedging answer of kenduri qs 50 in boo kit
Why in invest now they divide by 4 ..I don’t understand it
May 30, 2018 at 5:48 am #454735
John Moffat
Keymaster
- Topics: 57
- Replies: 54724
Because interest rates are always quoted as annual rates, but we only need it for 3 months. With 12 months in a year, the interest for 3 months will be 3/12 of the annual rate.
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.