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For Maxi max, Maxi min, and regret, you do not need to do the probabilities. Only on neutral you do expected values ? The figures were all the same on the performance report in Q1 as it was a template that the franchisees use. Was quite nice that it missed out all the non financials so it gave us an opportunity to comment on loads of them hinted at in scenario( Quality, clean etc).
probability question made me chasing my tail for the rest of the exam as it took ages I found. Managed to finish everything to the standard I would have wanted just hope it’s enough ! Only thing I had to miss was the exchange rate on Q2 so probably lost 2-3 marks but hey ho ! The fuel had something like 70% related to distribution. So extracted the 30% to add in after, then did the increase in fuel to 59 and 63% in the relevant quarters then added the 30% in at the end again.
For the G score I thought it was a lot of marks for what it was. I did a calculation just doing one of them (G2 or G3 I think it was) as PBIT instead of EBITDA and it actually reduced the score to at risk of failure and then started slating into EBITDA for masking performance (maybe not relevant). Using EBITDA I think I got 4.17 or something like that overall.
For anyone else who this is their last exam good luck ! Hard to forget about it when these forums are around lol. Even if people have different answers follow through will be key along with ensuring we commented on whatever answers we got sufficiently. GOOD LUCK !
Question 1 was weird. Got 310 k doing normal hedge and 301 I think doing a forward market hedge. HOWEVER it said they don’t have sufficient cash to borrow or something so I just recommended a normal forward rate after that. Even if that bit is wrong should hopefully get 4/5 for the workings.
Aaah crap. That’s a mark lost then. At least the perk with this exam is that you get follow through marks.
The equation for lease premium is 2%(n-1) x premium. I worked this backwards with the 12 years they did to get original premium cost and then recalculated for 15 years. Felt like I was in f5 when doing that. Extremely tough exam !
What were the other questions on 1 and 2 other than calculations?. Can’t remember the wordy questions at all. Hope I’ve done enough to pass