I’m quite upset by the ex. rate related formulas provided by Schweser in Lv2 notes (IRP, forward premium etc)… all are now in indirect quote method, so all LC/FC is now reversed.
its all the same…as long as the the numerator is DC if quote is DC/FC or FC if the quote is FC/DC the reversal has no bearing
thanks. But just don’t understand why same publisher would do such thing.
Because nobody can learn it the way you are trying to learn it. Those formulas are short-hand for an idea, not something to be memorized. I don’t even know what an indirect vs direct quote is, but I can do these problems in my sleep.