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The paper was fair with the exception of ques 2. The requirements were not clear at all. Attempted 92% of the paper so I hope I can score a 50 although ques 2 really throw me off.
I rushed and forgot to mention a few points I had jot down on the question paper.
Really praying for the 50. All the best to everyone.
The exam was a disaster. The scenarios were just unnecessarily long. I must have gone blind in the exam or something but for Q2 I just could not see the asset beta to ungear and to calculate the cost of equity for the base case NPV. I did not even get to do the Financing side effects part for the APV.
Q1 – It really was not extremely difficult but somebody need to tell this examiner that the questions are too long.
This examiner seems worse than Bob.