The fourth bullet point says to multiply by 100/95(assume a 5% initial charge)
I would've just multiplied by 1.05. Why are we multiplying by 100/95? Also I'm assuming I would Multiply 100/95 by the appropriation price(102.0154) to get the Offer Price not multiply by the Bid price on an offer basis. The chart multiplies by the Bid Price.
In the notes it says ---- Offer Price = Appropriation Price + Initial Charge.
maybe I've studied too long today. But I'm not getting this.
Thanks
Last edited by a moderator: Sep 4, 2014