[bushra95]

Thank you so much for the response, Mr. John. I really appreciate it.

[bushra95]

Hey. It was 1 MR = 0.23 USD. So division was correct.

[bushra95]

Hey thanks a lot. I believe that’s correct.
So we did 77.5 x (1.08/1.03) for year 1 rate

[bushra95]

All I can say is, I could have passed this paper if it wasn’t for the time pressure. My exam shut down just when I was rushing to write the theory parts after skipping the numerical on the last question as I had only 15 minutes left and I knew I wouldn’t be able to do numbers with that time stress.
Does anyone remember the spot rate in the NPV question? I remember inflation in USA was 3% and Arsania was 8%. I feel like I would have messed it up but I remember my calculated rates for following years.

[bushra95]

There was absolutely no need for a calculator..

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