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I was lucky to finishing on the line….50% and finally Affiliated….Hooooooray. Expected to earn more for this paper as I love AFM…but the paper was very tough and hard…Anyway happy with the spirit of 50%….. I wish all the best for those who passed and the guys who were not successful this time Don’t Give Up the Fight…..this was a very hard paper this time… you can do it next time and best wishes for your June exam….Finally I must thank Opentuition for their resources and hope to helping hands with OT in years to come…Thank you guys.
If you had answered fairly OK….make sure that you used black ballpoint pen only to write your answers…you must not use black Gel pens or fountain pens to write your answers….
I failed P3 38% (P2 passed with 54%), I know I did not work hard, Never mind. I will try it September with much confidence and readiness. I wish all the best for the winners and advice the losers not to worry about the past. We can do it.
Fair value of a share of unquoted company (Mach) is PE ratio of the similar quoted company 19 times multiply by the EPS of the unquoted company (ie.3600/26000)
I did it like this FV per share = 19 x 3600 (profit for the year) / 26000 (number of ordinary shares)
I dont know whether I am correct or wrong. Any way it was a hard question I only managed try 80 marks.
