March 2025 ACCA Exam Results

Comments & Instant poll >>

20% off ACCA & CIMA Books

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

September/December 2017 Q4

This topic has 1 reply, 2 voices, and was last updated 6 years ago by John Moffat.

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

Author
Posts
June 7, 2018 at 7:53 am #457397
gayathriharidas
Member
- Topics: 1
- Replies: 0
In the examiners answer, the losses and gains are apportioned by 3/12. How did he arrive at the fraction?
June 7, 2018 at 4:50 pm #457553
John Moffat
Keymaster
- Topics: 57
- Replies: 54644
We always take 3/12 when it is future and options on futures, because they are three-month futures.
I do suggest that you watch my free lectures on interest rate risk, because I explain this (with examples).
Author
Posts

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

You must be logged in to reply to this topic.