CFAI reading 39 - can anyone tell me why on question 2 on pg 187, there isn’t a borrow associated with the time 0 cash flows. The other problems like this all have a time 0 cash inflow (borrowing) that offsets the time 0 outflow (buying spot)… solution is on pg A-13, by the way many thanks
there have been some long posts already on this problem if you search
Why has cash and carry suddenly become so popular on this board? Non-public material information???
b/c it’s barely in the material but was on last year’s am section