[simasya]

Hi John,

Thank you for the clear crystal explanation.

And yes, i take note of the last bit as well 🙂

Thanks again !

[simasya]

Hi John,

Thanks a lot for your prompt response.

Now I’d like to refer to the Codene (Dec 2012)’s cost of debt used:

– the redeemable bond is at 5.2%
– the risk free rate is 4% and spread at 60 basis points = 4.6%

In my understanding, the cost of debt that should have been used is 5.2% instead of 4.6% (the rate used in the answer sheet is 4.6%), given that in the SOFP, it is clear enough that 5.2% is the interest for the Non Current Liability.

Could you please enlighten me on this? I just think that this is important because wrong rate used means wrong answer.

[simasya]

@simasya said:
i answered $30k but oh dear, it was a very challenging set of Qs

This one is the aircraft sales, sorry a first timer here.

[simasya]

i answered $30k but oh dear, it was a very challenging set of Qs

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