plz solve this sum ???
QUS: You are given the following information by your BANKER :
SPOT RATE (Rs./Can $) : 25.00/26.00
Rupee Interest Rate (6 months) : 14.00/16.00
Can $ Interest Rate (6 months) : 9.00/11.00
DETERMINE THE LIMITS FOR SIX MONTH FORWARD RATES.
Menu
important question of MAFA
Replies (1)
Here i m giving solution as per my opinion -
Fwd. rate for bid side -=25 * (1+{14*6/12}) / (1+{11*6/12})
=25(1.07/1.055)
=25.3555
Fwd. rate for ask side = 26 * (1+{16*6/12}) / (1+{9*6/12})
= 26(1.08/1.045)
= 26.8708
Thus fwd quote would be 25.3555/26.8708
If you have answer for the question then plz. verify the solution.
Recent Topics :
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
Related Topics :
CAclubindia
