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Please dont switch, P4 is more technical. Try to read and understand the examiners reports to know what is required of you. It was shocking for me to discover that 2 questions of 50 marks came out from the Pilot paper in 2 consecutive diets – that is 50 marks on a platter of gold per diet. How unprepared can one be not to pass upon solving these questions. Put the result behind you and remember to use the models to evaluate companies in questions and not evaluate the models. I have made this mistake in the past. All the best in your future exams as i’m done and really enjoyed P5.
Alhamdulillahi! I give Allah the Glory and wish to thank Open Tuition immensely for the fantastic support given all through the exams – you are simply the best! I am now an Affiliate!!!
He seems to be asking for a typical question that will help him understand the topic better. However, I have a question titled EVA posted sometime ago that is yet to be answered. Kindly assist.
Thank you! I agree with this position absolutely! I never remember anythink and think there’s something wrong with my memory. Nice one, this will certainly boost my confidence. 4th attempt and last paper!!!
I dont know where these fantastic pass marks are coming from and it tells that something is wrong with my approach. I wasted time calculating variables that were already provided by the examiner. I am grateful to God for passing with 50 marks.
I dont know where these fantastic pass marks are coming from and something must be wrong with my approach. I thot it was a fair paper but wasted so much time calculating variables that were already given by the examiner. I am grateful to God that i passed with 50 marks.
Exam was ok just a bit unusual because there were no models asked for and couldnt immediately apply knowledge without models. I think we all need to be more open minded in our approach to issues. All i am asking for is 50 no more-no less.
Exam looked easy but i was busy computing and looking for figures that were already given. This is the effect of the technicality of the old examiner and past questions that one has had to deal with.
Thank u John, i remember reading it but you know how it is, once the text book is closed it becomes a challenge to apply. Cheers and please wish me all the best tomorrow.
Thank you. It’s the solution to TYU 4 (Pongo) chapter 13.
“The current $/£ spot rate is 1.5190 – 1.5230”.
Solution:
How many contracts? Cover $350,000/1.5190 = £230,415 using £25,000 contracts ………….. 9 contracts.
Scored 45 in a paper where i did not attempt a 26 mark question but disappointingly scored 41 in P4 where i was confident will pass – very disappointed!!! Thanks OT
If i may ask, where did both of you get 1.4232 from. If you are not given spot at June or May you cannot get futures price – in May it shd be same as spot.
So what does this mean:
” this suggests that this project has a 97.3 per cent probability that it will have a positive net present value or conversely a 2.7 per cent probability of a negative net present value ……………
At the 98% level std dev = 1.645 giving
Project VaR = 1.645 x $1.02m x 3.162 = $5.3 million”I am equally puzzled.
Question 1 looked too familiar – maybe a pilot question that i did the night before and i was just overwhelmed that i could hardly concentrate on getting it done. I’m scared to check where i saw the question. In all, it was a give away!
I went into the exam hall very confident knowing all the models and how to apply them but when faced with reality my brain froze especially due to time pressure. The last qtn on process redesign was answered with the transformational, realignment and speed of change model but i was not confident i was doing the right thing. At this rate, all i am begging for is 50% – no more no less as there’s nothing more to read, pls examiner 🙂
Thank you decentshaw. You know you cannot use amortised cost except where it meets the two conditions: business model and cashflow model. So my question is, since it has failed this test what do we do. The bond was not purchased solely to receive interest as cashflow – it is also convertible.
At this rate, if a question comes on it, i shall do as before i.e. as you have stated but is has not passed the model test.
It does not matter if effective control is less than 50% as long as the company controls its subsidiary and the subsidiary has a controlling interest in another company.
The question is aimed at Mike but note that where there is no control, there is no consolidation and C is neither controlled by B nor A. It looks like and ordinary investment to me.
Also interested in P2 & P3 mock papers everlstngj@gmail.com