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passed with 60… I hated the exam, if you are not working in the UK it is practically useless knowledge… too bad there is no International / Global variant… Some of the international aspects could be covered there like transfer pricing, double taxation treaties, or something…
Thanks John!
The question remains confusing the way it is written and I would always write the answer that I wrote originally. It seems negligent to me to disregard the loan interest rate of 9% and apply 11% to this portion as well. I suppose I would be awarded some if not all of the marks for my answer 🙂
Thank you again!
Your support is pricelessJohn,
I did not seem to understand your point. I understood that you are saying that mentioning interest on debt implicitly introduced the topic of WACC but how can applying 11% be correct then of you are saying the rate should always be WACC, and the 11% is not the WACC in this case… Please help me understand.
Thanks
Best
MarkoThank you John!
I was not aware that I have taken the changed mix into the account instead of ignoring it, as the solution actually has neutralized its effect, correctly.
ThanksAs you said in your lecture, people make silly mistakes…
Thanks, this was an eye opener!
