The question asked to calculate the value of variance swap in the writing section, my answer came 54,208,869 as i have used all four decimal of discount rate 0.9798 where the answer given on the basis of two decimal rounding of 0.98 – 54,219,565.
Please advise whether should use two decimal or my answer will be marked as correct as i have just given the answer does not provide any steps.
Such things will not be an issue in the Constructive Response exam. The examiner will check your calculation. You may have a 4 decimal count. If however, you want to be more conservative, you may show steps.