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@demetrios21780 said:
Cost of a right I found 0,90.Hey Demetrios,
How many more papers do you have left? think i remember you from F5..not sure.
Heychi hi.yeah I was writing in F5 but thanks God not anymore!!!!!Now I wish to pass F9 since I go to classroom for P6 (my first from Ps).we had a great conversation in F5…. But here I speak the most….. Dont know why!!! ? try to help each other about what we picked since papers arent published any more.
@demetrios21780 said:
Heychi hi.yeah I was writing in F5 but thanks God not anymore!!!!!Now I wish to pass F9 since I go to classroom for P6 (my first from Ps).we had a great conversation in F5…. But here I speak the most….. Dont know why!!! ? try to help each other about what we picked since papers arent published any more.Ahh I got 49% in my F5!! lol! – I’m planning to resit in December.
P6? that means you’ve gotten really far!
I work as well and my work doesn’t support me to I can only afford to do 1 paper each sitting or else it will be too much. I have F5, F7 and maybe F9 left for this stage.
Well a slight better than the previous attempt.Previously i failed at 48.
Now i think i have a chance of getting passed at margin.
Time management was again a problem and some questions were very difficult and were not part of all past papers and exam kit.I too sat the F9 paper today and although i think i did not do too well. I believe ACCA is not being fair regarding having the ACCA past papers on the website. Other Accounting designations have their past papers on their websites but you have to be a registered student to have access to them. Putting up specimen papers has been going on for too long. The Subscription fee and exam registration cost are way to costly. I understand that it is a professional designation. However in my opinion the students are not given alot of help.
i did,
Q1- a
Q2- d
can anyone tell me what was the correct answer for VFM question?
i did economy for input and efficiency for outcomes.
i think the correct answer for value of a right was 3.6. but i did 0.9.
rights issue price was 25.5 TERP 29.1 and share price was 30.
One of the MCQ was like which of the option is right. i did Forward rate reflect
interest rate parity theory. because the formula was like Fo= So x 1+ic/1+ib
One of the option in MCQ was liquidity vs profitability.
In one MCQ i select option Economic risk.
In one MCQ i select option conservative approach.Because only two working capital approaches are available.
In one MCQ i select option 80000+10000=90000
One of the MCQ is using term which i saw first time. Idid option a-Investors rational desicion on investment.
One MCQ using FRA i select option with $25000.
Profitability index i select was 0.6.
In one option i select market value of debt was some thing like 17.65 i think it was option B.
I am not sure whether i am right or not? Can anyone help me??Actually completely down….F9 my hell. This was my 5th attempt (excluding the one I registered for but did not attend). So much tricky for number 31….PS(black out mind) plus bk loan variable interest….the one with beta asset 1.4 complete mess… got beta equity 1.89 then realised got the wrong cap structure….mcq on correct statement was damn (all correct none correct, only one or ony two elimination method don’t work there)…how n when to pass this level. Desperate!!!
I worked out the ultimate answer of @ 11% for Q. 31 without bank loan counted in.
For q31, I got Ke for:
ordinary shares around 11.8%
preference shares: 8.08%
And Kd for loan notes: 5.5% (using IRR), which I also applied to bank loan (not sure if it was right)
WACC was around 11.6(or 7)%For q32, I found NPV: $11.2m. I used the 5% value at end as scrap value and deducted it from carrying value to apply a balancing tax-allowable depreciation benefit.
My Payback period was 2.7 years.MCQ (in random order, please stay with me!):
Right value per share: $0.9
Economy inputs, efficiency outcomes
Factor gives reduction in profit of 90,000$
About gvt action to increase demand, I selected reduce currency value (not sure)
Economic risk (affects demand)
I used Asset Beta = Equity Beta since the company was ungeared.
I selected when bank accepts the letter of credit (not sure!)
Aggressive approach since they used short-term finance for all fluctuating + part of permanent current assets.Can’t remember the rest!
@racheldr said:
I thought it was a challenging paper. Feel like 50/50 chance of passing.
Had a hard time with the question where the cashflows where 20% chance this and 15% chance that. Never seen anything like it. So guessed that one. The rest i feel confident but just barely.Where was the question with cash flows with 20% and 15% chance? I don’t think that question was on my exam. Did you sit paper or computer based exam? Can it be that the questions were not same for all students?
@paata1971 said:
Where was the question with cash flows with 20% and 15% chance? I don’t think that question was on my exam. Did you sit paper or computer based exam? Can it be that the questions were not same for all students?we are the candidate sitting at paper….
I think i have made a mistake in calculating Cost of equity in Q31a, Latest dividend should have been the difference b/w ex and cum div market value, then use it as a latest dividend to calculate growth and then Ke.
I think i have made a mistake in calculating Cost of equity in Q31a, Latest dividend should have been the difference b/w ex and cum div market value, then use it as a latest dividend to calculate growth and then Ke and then put that ke to calculate wacc
@demetrios21780 said:
Cost of a right I found 0,90.Hi, do we had to deduct cum dividend and ex dividend to calculate the latest dividend or we should take 2006 dividend to calculate growth?
@paata1971 said:
Where was the question with cash flows with 20% and 15% chance? I don’t think that question was on my exam. Did you sit paper or computer based exam? Can it be that the questions were not same for all students?Hi, was the answer 664000
@carlyperky said:
Hi all,I think I’ve just about recovered from that paper! ? It was a strange one. I feel like I really had to work hard for the 2 marks in some of the MCQ. I got A for no 1, being .60 but I’m not sure if that’s correct. I had to do the other question three times to check my rounding but felt confident with 11.2. I used the cost of the other loan for the variable bank loan, as I felt leaving out the 3m wouldn’t give a true weight of the cost of equity to debt…. but that’ll be a big assumption on my part.
All in all, I’m disappointed that I didn’t get asked the questions I wanted to answer! ? I worked hard to cover ALL of the syllabus but felt like it was concentrated on the same key areas, giving them twists to increase difficulty.
I learnt a lot from it though and I’ll be better prepared for the resit in December! ??
Hi, what was the answer of theory of behavioral finance?
@lemarrec said:
I used the probabilities given in EV formula and got 396,000Hi, what was the answer of the MCQ in which it asked about the irredeemable preference shares and NRV?
@omega1995 said:
Asset beta of proxy company- 1.4 (gearing 1:2)
Our company is fully equity finaned
Market risk – 4%
Premium -7%
What’s the cost of equityI think we should simply multiply premium with the given beta and add risk free rate in it
@syeduzairnaqvi said:
Hi, what was the answer of the MCQ in which it asked about the irredeemable preference shares and NRV?Sorry I can’t remember
The one about behavourial finance I think was irrational decisions by finance managers or something like that. Not sure though…
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