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@sprocker said:
There is a technical article on the bond calc. A yield curve needed to be obtained from the government bonds. MVs were given together with coupon payments for government bonds for individual years. You needed to calculate the yield for one year first, then use this yield to calculate the yield for second year and so on. For example 105 (MV) = 108 (coupon with principal) * (1/(1+r)). r = 108/105 -1 = 2.9%. This is the yield for year one. Then you needed to calculate yield for year two. For example 103 (MV) = 2 (coupon) * (1/(1+0.029) + 102 (coupon with principal) * (1/(1+r)^2). And so on. I recommend that you read the technical article as it is very well explained in there.Tks
Folks reading the comments here, lots of us in the same boat….I’m slowly coming round to having to do this again. Realistically I knew that the minute I stopped writing on Friday. I ran out of time but attempted anything I knew or could fumble together a guess for! One such topic I had a faint recollection on was yield to maturity. I did the question as I was comfortable on the narrative sects. I read an answer for a question in the bpp kit that calculated the YTM by doing an IRR calc. I did the same in the exam. Am I right/ wrong….nothing much in the kit and there’s a formula in google that I haven’t seen before!
Also re q1 and the 4 marks available for presentation. These are pretty crucial for me to have even a mathematical chance to pass…like a lot of people I didn’t finish q1 but started sect b by labelling my report correctly and doing a short note on how I was going to prepare it as I knew I wouldn’t finish. I.e. Background and discussion points in the main body and calcs in an appendix which I started to do….will I get the 4 marks or am I dreaming??
Hi,
I do self study and have just completed F7 for the second time. if I pass this would be my 11th paper of the 14. Deliberately left financial reporting until towards the end as I find it hard. I’ve been at ACCA at my own pace for nearly 5 yrs given family and work commitments but am hell bent on completing it next year. My results always average 50 no matter what paper and September was my first fail at 48% so efforts have paid off thank god once I go for the papers and give it a hard week at the end leading into the exam. Although F7 is a different animal and I expect the rest of the Ps will be too. I can never do 2 or more papers in one session as Im such a crammer. Whilst I cram I do follow all the tips and try to pick marks out as best I can anywhere in a paper. I never run out of time as in nearly every paper I have one rubbish question that I cant answer! I got 73% in F6 with help from a good lecturer whom I may go to for P7 but I can only attend lectures for the june sitting. I feel confident enough to start either P2, P4 or P5 for March whilst waiting for the F7 result knowing I may have to ditch my efforts to resit that awful paper again. Hence I think I’ll leave P2 until last. A few questions:
Whats the best choice P4 or P5. im a financier by trade but when it comes to these subjects that goes out the window. Whats easier to pick off and pass.
Am I right to leave p2 until last. I hate f7 but realise its the next level so I may be more in tune with it right now. Everyone I know leaves it till last and needs two goes to pass.
I could really do with passing a paper in march to keep the spirits up…pending passing F7 this time…fingers crossed.
Hi just wondering if the interpretations question is a guaranteed in the exam as part of sect c. It came up in sept and Some course outlines make out that it will always come up as a long question in the latest exam structure. Can you help? I’ve tried to prep for anything to come up in sect c but would focus more on this if it’s a certainty.