1. 

   Sponge Member

   the solutions mention a €23m premium. I can't seem to calculate this.
   
   How did this number come about?

    

   Sponge, Sep 17, 2017

   #1
2. 

   Simon James ActEd Tutor Staff Member

   In part (iv), you verified that the premium for the put is 2.3%. The fund value is €1,000m so 2.3% x €1,000m = €23m.

    

   Simon James, Sep 18, 2017

   #2

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