[littleduff1]

did you ever go down the online route, as I am considering it and wondered how you found it?

Have tried Kaplan and home study and failed twice? Not sure what to try next.

Thx.

[littleduff1]

1.40 is Interest on loan $10.5m + OD $9.5m = $20m x 7%
1.27 is $20m less repayment from profits year 1 of $1.83m = $18.17m x 7%
1.08 is $18.17 less repayment from profits year 2 of $2.80m = $15.37m x 7%
The $11.68 is $15.37 less year 3 profits $3.69m (profits after div deducted)
Shr hoder eqty per bal sheet is $34.10 add retained earnings for each year and you will get the equity values you quoted. eg 34.10+1.83=35.93
That’s how I arrived at the answers in the book.
Hope this helps.

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