Q's 69liggnum bpp

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August 25, 2018 at 4:41 pm #469404
adurich
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In the lignum Q’s they are using interest rate parity to determine forward ..but why do they divide it by 3 on both sides …the receival is in 4 months
August 26, 2018 at 6:43 am #469446
John Moffat
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There are 12 months in a year.

4 months is 4/12 which is the same as 1/3 !
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