[mon]

61% passed first attempt yay! Congrats to all who passed and who didn’t I know the feeling. You will get there next time. Practise a lot of questions all over again until you feel sick. That helped me 🙂

[mon]

@dreamerSK 11 marks I think

[mon]

But was the question not what was the value for receipt in dinars using the money marked hedge?

[mon]

I got WACC around 10.8%. NPV around 1189 it’s called tax benefit when calculating depreciation charge. If there was no tax payable in year 1 therefore there couldn’t have been any tax benefit. I calculated in a usual way. In money market hedge question I didn’t mix euro with dollars and dinars. The home currency was dollar, the question stated, money market hedge, so I only used dollars and dinars for my calculation. I didn’t look too much into other parts od currency exchange chapter but when you exchange dinars to euro to pay euro supplier and your home currency is dollar isn’t it called netting? I am not sure I hope my answer was right.

[mon]

Third attempt 59% passed!!!! Practise the questions all over again guys! That helped me.

[Author]

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