FRA Calculation - Reading 51 EOC question 10 (Schweser vs CFAI)

CFA Level II Derivatives
#1

I have seen a few topics on this, but none from this year’s EOC questions so I want to make sure I am just getting a rounding error. I have been using the “Schweser” method of calculating the value of an FRA prior to maturity. For questions 9 and 10 in the CFAI EOC bank, I still cannot get the correct answer.

For question 10, I keep getting -$20,050.81 as my answer to part C versus the CFAI answer which is -$19,845. Is this discrepancy due to using the Schweser method, or something else (can detail my calculations if so).

#2

I looked at a few of the CFA Institute answers, and it appears that the discrepancy arises from their rounding of prices/interest rates.

I wouldn’t worry about it.