[Nurul]

Amhamdulillah…passed second attempt with 55% and now an affiliate…..dont give up! You have come so far to waste all the work hard and effort…you will achieve your result next time…good luck..

[Nurul]

Many thanks for your reply.
Really appreciate all the support.

[Nurul]

Alhamdulillah I passed with 57%
After trying few times I started to think there must be something which Im not doing right.
Specially working full time and then self study is quite difficult but not impossible.
This time I had practicsed all past exam questions not leaving any theory and numerical questions.
I strongly suggest to all who havent passed that you practice as many question as possible.
Thanks to OT and John Moffat for your help. You are truly brilliant.

[Nurul]

Thank you and I will ask all future questions on the Tutor forum if these are to be answered by the tutor.

[Nurul]

@mc20united20 said:
how come? :O
Every year 3000 cashflows and investment is 9000 no scrap value. the target of roce is 15% and Payback period 2.5 years.

all i did for payback period was deducting the investment from yearly cashflow, that means it took 3 yrs.

for ROCE i did was, for avergae investment: (9000-0)/2 and average profit ((3000×5)-9000)/5
ROCE = 1200/4500 = 26.7%.

I don’t know what did i miss in that question? :S

I also did the same and got 26.6 something so I choosed the ROCE option only. I guess you wudnt average the capital investment as there was no scrap hence there was only input throughout the investment and you keep it at £9000. So maybe you and I are wrong!

[Nurul]

@joeycal3 said:
was the Reserves figure needed to be included in the market value when calculating the wacc?

I believe you wouldnt as reserve is not a source of finance and therefore you cant determine what the rate if return would be and hence the market value. So you would exclude reserve in WACC calculation.

[Nurul]

@zayconok86 said:
I did the same except for x-rate, I took 1.40

Thats right, you would take 1.40 since you always pay out more. With 1.45 you would pay less.

[Nurul]

@zayconok86 said:
The same got I. Just wondering where may 7000 come from… Have no idea. In repo question I got 0.24 or so

I got the repo at .99%

[Nurul]

@vipulv said:
I chose 20th as this was semi strong.. so it was announced after the positive NPV. 2nd one?

I think I choosed the answer where it said
Share price would increase by disclosing to financial media not to analyst and major shareholder.

[Nurul]

@vipulv said:
Is this the one about figure they gave find present value times it and you get answer. This 68 sumthing?

Yield on invert i didnt understand the question.

Yes this is the Zero coupon bond question and i think since the redemption at par and no coupon attached since it is zero coupon, you simply take the PV of the future redemption and that is this 58/68 something. I hope this right

[Nurul]

@mubazir said:
cheers. thats correct 😛

Which is?

[Nurul]

@acca145 said:
what was interest rate question where there were 360 days

Sorry cant remember the question but just remember another one.
What did you answer for the zero coupon bond q? I answered around 58/68 something. It just a straight pv of the redemption value. What did u andwer?

[Nurul]

@acca145 said:
any other mcqs you guys remembered ?

What did you answer on the yield curve question. My answers were
decrease in interest and change in inflation if the yield curve invert..

[Nurul]

@vipulv said:
I put A

I think i put c! If it was proft calculation then i guess im wrong

[Nurul]

@vipulv said:
Yes 7 somthing 3% growth. Answer A.

6000 benefit.

What you do for the 50,000 buy n sell at 80000 i got A 7,000 somthing profit.

Is this is the exchange rate question? Sorry I cant remember which q it is!

[Nurul]

@vipulv said:
Incorrect. Bankers are connected. Shareholders are NOT internal. Only employees managers are internal. Answer was bankers only

I couldnt remember the question but my answer was Bankers
But i tried to reply to earlier message and mentioned as a fact that shareholders are also connected.

[Nurul]

Did anyone get 7 something for the MV of ex shares using dividend valuation?

Also £6000 benefit for the discount option on receivable?

[Nurul]

@sharique123 said:
No. shareholders are connected.

Bankers are definitely connected so as the shareholder

[Nurul]

@sharique123 said:
No. Also there was no such option

I believe the answer should be
Exchange Traded option and future contract

[Nurul]

I have also selected the option and I believe this is right

[Nurul]

I believe that was 58/68? I cannot remember the exact figure. I took the pv of the redemption value at par.

I choose the ARR only option instead of neither.
MV using dividend valuation i got 7.35 or something
£6000 net benefit
WACC – 9.something

[Author]

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