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When can we get suggested answers for P4 June 2015 sitting? @Moderator –Please reply.
”Daikon Co is expecting to borrow $34,000,000 in five months’ time. It expects to make a full repayment of the
borrowed amount in 11 months’ time. Assume it is 1 June 2015 today.”Based on this information– what should be the no of contracts for Q4? My one came 125 but I am getting a feeling that it is wrong and the right one will be 68. Anyone?
@n.nadiradze said:
I remember – 34ml/1ml x 6/3 = 68 contractsMany are saying that 125 contracts is right and many are saying that 68 contracts is right.. which one is correct?
@aleee93 said:
Guys how did you handle the thing with INFLATION in Q1? it was year 3 onward, so was it supposed be 1.04 to power 3 or 1.04 to power 1?Inflation was year 3 onward???? Seriously? I didnt notice it! I thought it was from 1st year.. Ok I am gonna start preparing for P4 from tomorrow then.. no ways i can pass this time!
I messed it up this time. I spent exactly 2 hours doing Q1 and after that noticing I had only 1 hour to complete 2 questions–i freaked out completely. I left marks, made mistakes in the later part.. I came out of the exam hall crying. It had such a bad impact on me. I knew the answers but couldnt write anything.
In q1 there was this average inflation rate and it was totally screwed up! I just added the inflation rates for 4 years and then divided by 4 to get the average inflation rate. I have no idea if this was right or wrong..anyone did it correctly?
I dont understand why the examiner is testing the basics by giving us silly and lengthy calculations? we already know hot to inflate figures there is no reason of testing us on whether we know multiplication and division of bigger numbers or not!
@aleee93 said:
Equity value was 10m for me too, but i added another case with conversion to share, this improved gearing. Convertibles were available for conversion from the start.How did u do part b of q3? How did you find out the additional value created for senior management? Any valuation method or just discussion based?
@obiora06 said:
I tink d lost contribution is in dollars since it was a US/euro export…I did q1,3,4.didn’t hav a clue in 2b dat y left q2 out. Was really hoping 4 currency hedge gutted wen I saw interest hedge.hoping 4 a miracleYou did question 3 right? How much did u use for equity value? Did you take the equity value from the SOFP? Or did you use the equity value of 10mn? Also on which years did the debt covenant met?
@ammyyy said:
In q3 examiner asked for Mbo vs Mbi and in part b requirement he askd if covenants placed by VC would be breached or not in coming 4 years. can anyone here tell me abt part b of q3 please? was there a breach of covenant in all 4 years or only frst 3 years?appeared q3. I need to reconcile something to. For equity book value I used 10mn (5mn of the managers and 5 mn of the company providing debt) Is it correct? And for me the debt covenant was met on 1st and 2nd year and it wasnt met on the 3rd and 4th year.
I appeared q3. I need to reconcile something to. For equity book value I used 10mn (5mn of the managers and 5 mn of the company providing debt) Is it correct? And for me the debt covenant was met on 1st and 2nd year and it wasnt met on the 3rd and 4th year.
I am totally sure that I would be sitting for this paper again in december. I got the internal risk audit and external risk audit completely wrong. I distinguished between external and internal audit.. Totally messed it up.
uuppss.. sorry. I thought that I need to post the same question in various forums to get a reply. U already answered my questions in the other forum. Thank you
thank you so much. Yeah the contents are alright. I was actually going nuts on this.. 🙂
BTW I gave one list of references titled “LIST OF REFERENCES AND BIBLIOGRAPHY” and there I did not give separate lists for “references” and “Bibliography”. Instead under list I put everything. Is that a Problem?
