Forum Replies Created
- Posts
I did the same mistake but they say you get penalised only once, so marks for calculating the wacc will be awarded even if the bond value is wrong.so around 1 mark here will be lost.
I did the same mistake when calculating the MV in part b, so here another mark is gone!
That’s why after exam it’s very healthy to relax and forget about it before you realise that everything you did is wrong.
They know that the exam is heavy and they will always put new elements to surprise us, just as they did in Q2 re land and buildings tax aspect, i think it was the first time to be tested in AFM paper.
So there is more to come, i just hope this was my last time to take this exam.this is the most technically demanding of the entire syllabus, so let’s be proud, at least we’re trying!Q1. There was something to do with “crown jewels” re selling off gardening business to make the company less attractive for takeovers and also some form of “golden parachutes” ie significantly enhancing their remuneration in case of a takeover bid. There were 7 marks for discussing the effectiveness of the 2 methods in avoiding a takeover bid.
Another part, being not part of the report,was to discuss the approach re remuneration and employees treatment, i think.
Q2. I think you missed the part of the question re methods of bypassing the repatriation of foreign dividends as there was a possibility that this could happen if the regime was going to change.
Q3 you missed the part asking “compare and contrast currency and FOREX swap”