The analysis on 2 nd point, I wanted to calculate in a different way:
1000000*.30 [97.90-97.60] = 30,000,000{.30] = 90,000 from the hedge.
Why is this wrong?
Anyone?
You’re ignoring that it’s only 90 days; multiply your answer by \frac{90}{360}.
Got it. Thanks megician.
My pleasure.