Exam (elaborations)
ECS2605 Assignment 04 S1 2023 Detailed Solutions
- Institution
- University Of South Africa (Unisa)
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South African Financial SystemECS2605
ASSIGNMENT 04 SEMESTER 01 2023
TRUE
Put option gives the buyer the right to sell but not the obligation.
In the money when X > S
MV = NV x (1 + i x n)
= R3 000 000 x (1 + 0,055 x 91/365)
= R3 041 136.986
PV = MV/(1 +i x n)
= 3 041 136.986/(1 + 0.0600 x 55/365)
= 3 014 010.888
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