Question：A company arranges a borrower's option. The notional principal is $5 million, the strike rate is 6.5% and the interest period is nine months (270 days). At the option's expiry date, LIBOR is 7.6%.
What will be the payment to settle the option agreement, ignoring discounting? Assume a year of 360 days.
A. There will be no payment
B. $39,025.54
C. $41,250.00
D. $39,332.54
The correct answer is:$41,250.00.
解析：LIBOR is higher than the strike rate for the borrower's option, therefore the option will be exercised by the company. The payment is made immediately the option is exercised, i.e. at the start of the notional interest period.
The payment is:
((7.6% - 6.5%) x ($5 million x 270 days)) / 360 days = $41,250.00
　　高顿网校温馨提醒
　　各位考生，2016年ACCA备考已经开始，为了方便各位学员能更加系统地掌握考试大纲的重点知识，帮助大家充分备考，体验实战，高顿网校开通了全免费的ACCA题库（包括精题真题和全真模考系统），题库里附有详细的答案解析，学员可以通过多种题型加强练习。戳这里进入ACCA免费题库>>>

微信扫一扫，关注ACCA*7资讯，满满的干货喂饱你！ACCA微信公众号：gaodunaccaACCA分享与交流QQ群：227573128 

展开全文