[hamza]

Passed 60% Affiliate now. was dead sure it will be a marginal pass or fail, at 49 or 50. messed up the exam big time with loads of blunders, mismanagement of time and wrong interpretation of questions but honestly this June 16 attempt of P4 was the most simplest if you compare with the past papers. straight forward questions. but P4 has its unique tactics of forcing mental breakdown 1 hr into the exam.

[hamza]

can anyone tell me how VAR was calculated? question wanted it at 95% confidence level which is 5% probability.

and half people are saying Q1 was APV (bcs of subsidised loan, specific project’s financial appraisal and ungeared Ke) and half Int’l Investment Appraisal (bcs of tax rates, tax treaty, exchange rates stuff). what was it actually?

in Q2 FRAs seemed better in all cases

[hamza]

yeah that was the answer. the tax charge actually decreased

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