Hi,
Ques:- The current value of the currency swap entered into 60 days ago will be closest to:
A. –AD$2,000,000
B. AD$2,000,000.
C. AD$9,644,970.
My ques why they have not multiplied the interest rate with 1/4? (Reference Eg.16)
Can someone please explain.
Thanks
The answer given is incorrect to this example
the actual answer should be AD 2145167.705
please compare this with your answer.
sir had also addressed this in one of the classes.