@ 12:57:12
total demand
106,800
41,100
total supply
Best ask: 10.80
Now,
Borrowing at the overdraft rate: ~13.9% (www.centralbank.go.ke)
With,
Time stop: 45 days
10.80*e^13.9%*45/360 = 10.99 (before transactions costs)
Mwenye macho haambiwi tazama
It often happens that a TRADER carries out a deep and complicated calculation,but fails to spot something elementary right at the first move!