[ray3026]

Due to copyright issue, I think they disable the feature to upload the docments.

[ray3026]

i have Kaplan P4 mock paper. Only trading with P4 student from other school who have question and answer.

Currently i have SAA P4 mock paper without answer. this can be available in SAA website.

thank.

gingerbeer3026@yahoo.com.sg

[ray3026]

when you get 1.1153846, press ln and you will get 0.1092

remember BSOP model for d1 is ln(Pa/Pe …….

[ray3026]

Yup it had been removed

but the greeks will be examinable

[ray3026]

For growth model, it require retention ratio, b that can be derived from cashflow statement. The free cashflow to equity before reinvestment is defined as operating cashflow less interest and tax

FCFE before reinvestment = 210 + 1,5 – 4.1 = 207.4

g = b x re

b = Reinvestment – Capital expenditure / FCFE before reinvestment = 120 / 207.4 = 0.58

r = Ke = 10.9%

Hence g = 10.9% X 0.58 = 6.322%

Hope it helps.

[ray3026]

My answer for call option is 52.8 cent as well as put option is 15.3 cent.

[ray3026]

for this topic, i doubt the examiner will test us on theoretical aspect. it is likely on how you calculate the VaR and how you understand this topic.

for 95% confidence level, you are expected to explain what is happening to 95% and 5% respectively.

[ray3026]

my lecturer from Kaplan comment that Portfolio theory is not examinable. Hurray.

islamic finance may be tested on section A talking about source of finance and its benefits and limitation.

[ray3026]

the result will be 0.1092.

firstly you divide 2.9 by 2.6 and press log in your scientific calculator.

Make sure your d1 and d2 should be round up to 2 decimal place and use normal distribution to find N(d1) and N(d2) and round these figures to 4 decimal place.

hope it helps.

[ray3026]

yup you got it right…

[ray3026]

Hi

I think 1.645 is referring to 95%

To get value, first split 98% to 50% and 48% and you need to read through the distribution table and you will see 0·4798 0·4803 under 2.0 with 0.05 and 0.06. Hence the estimated value for 98% is actually 2.055.

For this paper, just remember the value derived from VaR, valuation method etc is always estimated, hence it is good to state the assumption that the figures from blah blah is estimated.

any forumer, do correct me if i am wrong.

[ray3026]

Dear all.

it is confirmed that the portfolio theory 2 asset formula had been removed. you look at the recent formulas in P4.

[ray3026]

i still think attending the class is best as the lecture notes and the questions will be covered in class.

Not easy to self study with those study text, i am not saying they are not good. just that studying text require lot of determination and motivation.

Raymond Lee
Singapore

[ray3026]

My lecturer from Kaplan, Singapore

The lecture and revision notes from Dec2012 can be used for self study with the following syllabus changes:

– addition of Islamic finance
– removal of portfolio theory 2-asset formula
– In your lecture ‘Treasury function’ is removed from P4 and is now assumed knowledge for F9.

Exam structure changes:
Section A – one compulsory question 50 marks
Section B – choose 2 out of 3 questions each worth 25 marks

Raymond, singapore

[ray3026]

dazhong

i am mentally tired… be patient, we will clear P4 soon… 🙂

[ray3026]

I do hope this siting is reasonable paper that we can attempt most questions in 3 hours.

Esther from Kaplan actually comment next round should be ok. Only the section b will increase to 25 each…

[ray3026]

i had overan the question 1 in 1.5 hours… not enough time to do rest the questions.

the jun paper look weird and difficult, but in actual fact, it is reasonable paper.

time allocation is more important.

you mean type 1 or 2 acquisition for question 1.

[ray3026]

you are required to calculate the delta hedge on how you do riskless portfolio…

[ray3026]

not asking you for msn. 😛

i am attending kaplan. yes, sami is your lecturer.

esther suspect the risk mgmt topic written by the examiner may come out. it can come out with overseas npv and how you mitigate the risk by investing in overseas subsidiary.

luckily i good in currency and interest hedging. used to attend sami class last round.

BSOP question will come out for section b.

[ray3026]

i still think it will come out.

my lecturer spot that currency hedging is long overdue…

which school you attending?

raymond
gingerbeer3026@yahoo.com.sg

[ray3026]

hey you guys funny….

expect ppl to upload the mock paper in the forum… when you have mock paper in your school, the majority of ppl here not willingly to share over here…..

will appreciate if ppl share and dun be selfish to expect ppl to spoon feed you. we all are adult..

[ray3026]

will be uploading this answer this sat….

[ray3026]

fanny313.

self study P4 is not possible….

i do have tip. it had uploaded in document page of this forum.

[ray3026]

hi guys i am attending sami class too…..

[ray3026]

i had been failing my P7 too many times and wish to join this group and my email is sheryltlh@yahoo.com.sg

[Author]

Posts