[Greggie]

I thought it more 85:100 as opposed to 100:115?

[Greggie]

A bit baffled by the EVA part of q4. It gave most indicators for an EVA calc, but then specifically said not to calculate it.

[Greggie]

Good point well made

[Greggie]

Looking at the poll responses as to the difficulty of a paper like this is misleading. Everyone seems comfortable with the answers they gave. Yet if you look at the pass rates of previous papers, the examiner doesn’t quite concur. Thankfully the mcqs give a good opportunity for a pass.

[Greggie]

Id say you only get 1 mark for introducing tax to bank debt. So thats all youd have lost. Chin up.

And that’s if im right of course. And many many people tell me I never am.

No point in panicking now. Let’s wait for the proper answers. Then we can all panik 🙂

[Greggie]

Bank inerest is tax deductible I believe

[Greggie]

I got negative npv at 5% so it must have been lower. According to my limited calcs

[Greggie]

I got 4.7 irr too. Not that im confident about that figure though

[Greggie]

I got an insane npv for q1. 4.9m on a 5.5m investment or something like that. Couldnt see where i went wrong though.

The mm hedge I made at around 1900 better. Again, not sure on this.

On wacc I got another ridiculous figure of 8% but I think I messed up bank debt.

[Greggie]

Just had a look at the 2013 F9 syllabus changes and it says the following has been deleted under D3:

ii) the calculation of future values and the
application of the annuity formula
iii) the calculation of present values, including
the present value of an annuity and
perpetuity, and the use of discount and
annuity tables

Does this mean we get no PV/Annuity tables in the exam?

[Author]

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