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ETN

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Super Contributor
Hi Guys, Ive asked this before without a good answer. How do you price a unit of the silver ETN. The Bid/Offers are around R224. How do you get to that no. Ex rate +- 7.2 ZAR: USD spot silver 41.3 ZAR / Ounce +- R293 So how do you arrive at 224. Nice instrument. not easy to price. The PDF isnt useful either. Their has to be a simple formula for this. Anyone care to educate the ignorant? - P
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Valued Contributor
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Super Contributor
Many thanx
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