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all i saw in that exam was debt and loan notes and more loan notes!
revised so much only for a handful of topics to come up???
part c was better but A and B was personally tricky for me plus i ran out of time!!
WACC for one multiple choice q and also for part C and NPV q for part C (got +ve NPV)
IRR question too writtenIn exam it was given 6% preference share with nominal 94 million.
I was given in exam 2.27 market price per share of preference share.
And it was written that 25% is dividend just paid.
I calculated cost of preference like
2.27 *.25 = 0.5675 and then I divide it by 2.27 which market price so kp comes like 0.25 is it correctDidn’t like this exam at all. Section A and B were horrific. Section C was average. ?
Section A and B were awful! Section C NPV question and SOFP question! No cost of debt or equity questions and no WACC, lots of theory questions…not good
Got creditor hierarchy at a 5 mark Section C. Where exactly in the syllabus is this?
Sec B: Got a money market hedge Q but no domestic interest rate.
Anyone really understand what we were supposed to do in the revised SOFP question for Section C? Was not prepared for that at all, had not seen something like it in past questions. Also, no CAPM, just one discounted cash flow question. Loads on money markets, fx and company valuation.
Overall, not great.
No, I had the same question and was completely thrown because hadn’t seen it in any past paper questions! What did you do?
what did people get for their Wacc my percentage was too small like 1.4 or 1.8 or something went wrong somewhere
1.Loan note means debtors.
2. Preference share holders.
3.ordinary share holders.I remember 3 of mcqs.
1st one
Market value of redeemable debt.2nd Capm ke. 13
3rd.npv 14000.
@nancyox96 said:
No, I had the same question and was completely thrown because hadn’t seen it in any past paper questions! What did you do?I added the investment as NCA.
Calculated revised receivables, payables and inventory based on question info.
Updated cash balances and overdraft to question figures.
It did not balance so I just put the rest down as reserves.Ugh, think I messed up
Hmmm I dont remember this being one of the section c questions. Was in addition to the Wacc and npv question in section c or did we have different questions
Hmmm, I dont remember this being one of the section c questions. Was it in addition to the Wacc and npv questions in section c or did we have different questions
I feel like they didn’t cover enough material?.. it was so much loan and get, which is a topic I didn’t cover too well but fingers crossed
@jaclyn97 said:
I feel like they didn’t cover enough material?.. it was so much loan and get, which is a topic I didn’t cover too well but fingers crossedYes, I felt the same way about my exam. I got a lot of questions in the same topic. I had spent a long time studying CAPM, theory on cost of capital, theory on WACC, calculation of cost of capital, risk and uncertainty, etc and in the end there were maybe 2 or 4 marks for all of those topics combined.
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