Examiner article is must in this exame, skipping it will cost you atleast 10 marks in exame so please print and read them. Dont make the mistake that i did. Q3: was more than half theoritical, only 10 marks for calculation and requirements were very confusing for example Effectivness and feasability of reverse bid and white night. Q2: calculation a bit straight forward but discussion again confusing like “ smoothing, gemma” Q1: lenghty based on degear and regear of betas, market value of debt and then wacc.