FRA using the e function

CFA Level II
#1

Hi all, just tackling the derivatives section and there are a few calculations in equity index contracts that require the use of the e function.

In the following answer how do I compute this on a BAII Plus calc.

Futures price FP= Soe^T-t ^e(RT)

965e^(0.027)

=991.4

I am struggling to compute this. At the moment I am typing 965 then 2ND LN on the calc. What am I doign wrong?

#2

You should type 0.027, 2ND+LN, it will give you and answer and only then multiply by 965

You should download the calculator manual and spend at least a day playing with it.

#3

Perfect, thanks!