[yusufbg]

Missed 12 marks questions since was not able to understand the requirement and time management was poor

Worst thing is when u r not sure of result, it’s even difficult to start for next paper.. I’m really confused right now ?

[yusufbg]

Passed with 66 Marks. Was expecting a bit on higher side. But never the less, Job is done.

2 more to go (SBR and SBL- both compulsory papers)

thank you.

[yusufbg]

@sulli said:
Hi,

I had the exact same paper.

I will wire what ever I remember.

So rate of tax which NPV 0 is 27.65% or round up to 28% answer.

How I got this answer, I copied all forecast figure from 1 to 4 years and I kept increasing tax to get to 0 NPV. I think it was common sense question.

U had to do recomputation on tax amt as well tax benefit on assets

I think u missed on tax benefit

My answer was somewhere 31.6 or 31.1

[yusufbg]

I think u only worked on tax rate

We also had to work on tax as well as tax benefit deductible

[yusufbg]

5 was right isuse price and 6.6 was ter price

7 is market price

Directly reduce .4 from it to arrive at TER
Ie. 6.6

then use two three combinations to check which answer gives correct right issue price
Which worked out to be 5

Hope it is clear

[yusufbg]

Hi vicki

You and me had same long questions in section C

Surprise was tax rate to bring NPV zero
In sensitivity analysis question

What i did was punched all numbers again on excel and was changing tax rate till i get NPV zero 🙂

so I got 31.6% or 31.16% *dont remember exactly but one out of this) as tax rate and then wrote a comment that Nov will be zero at 31.6 rate tax rate. Then spent almost five min to figure out if i could create some formula to show to examiner but was not able to do so. So i kept original working of punched numbers as working

It was tough paper. No doubt

Hope i make it through

[Author]

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