[Nick]

Argh the more i think about it the mire i’ve found i’ve done wrong!

[Nick]

Q1 was definitely buy futures and call options. contract was quoted in $ and we were buying $ from an expected euro receipt.

Q2 for APV i used CAPM to find the pre finance discount rate using only asset beta. Got discount rate of 15% If I remember correctly??

[Nick]

For Q4 i used 15m as both Pa and Pe as the NPV was zero. But discounted both down at 3 years at 12%….think I got 10.68m for both?

[Nick]

Q4 was 16, 5 and 4
Q2 was 18 and 7
Q1 was 6, 9, 14, 8, 9 and 4 professional marks

[Author]

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