[insta55]

Passed 57% on p5 (4th attempt!) after getting 3 mid 40’s and 73% on p4 (2nd attempt) and 38% on first.

Read every single question in bpp book and attempted about 80% with about a week before exam to focus on my weaker areas.

Paid off and now affiliate!

[insta55]

Scored 73%, second attempt after crashing with 38% first time, now affiliate!!!

[insta55]

Overview;
Q1 – a) real options b) i)Npv – few little tricky bits with tax and inflation in variables ii) Bsop or VAR to value phase 2? iii) report assumptions c) EU overseas invest
Q2 – dividend policy’s, valuations and comparisons
Q3 – MBI, financial reconstruction, advice
Q4 – swap calculations (didn’t even read the rest of the requirements!)

Questions
Q1 Bi) anyone get a negative Npv from the project ?
Q1 bii) – was this apply the Bsop model to value the option to invest in 4yrs ?? As Npv was zero this completely threw me and i couldn’t get the calculation to work so binned it and moved on.
Q3 bii) used fcfe to value MBI ?

Overall seemed like a fair paper, appreciate any feedback.

[Author]

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