[Yuliya]

p4 was too hard, i can’t see meaning in testing calculations, not knowledge. I’m regret time spent on preparation to this exam, waste of time, mark allocation weren’t subdivided properly in Q in order to help students. Why examiner need to test interest rate and FOREX risk in one sitting, no other topics to test. I suppose examiner aimed to fail as much students as possible…..
how anybody cope with royalty….amount 20mln was excessive i think to include in NPV calculation

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