FM*** ACCA Paper FM September 2018 Exam was.. Instant Poll and comments ***

Hey, From what I remember about the TERP Question. I worked backwards to get the answers We were given $0.40 as price per existing share, which meant the price per new share had to be $1.60 ($0.4 x 4 original shares) I worked off the options from the answers given to choose from. First using $6.6 (as I had worked out the price per new share was $1.60, there were only two answers with $0.60 at the end. I took the $6.60 TERP I has chosen, then subtracted the $1.60, which gives a new share issue price of $5. When I put this into the below calculation, it was correct and was therefore the answer I was looking for 4 @ $7 = $28 1 @ $5 = $5 = $33 / 5 = $6.60 Price per new share would be $6.6 - $5 = $1.60 price per existing share would be $1.60 / 4 existing shares = $0.40

The EOQ questions none of my answers matched the ones but the closest I got was saving of 7,500 so I choose benefit $8000 I am terrified now to be honest :(

I done exactly the same for the zero tax! I’m glad I’m not the only one!! I thought I was being silly

The paper was a disgrace!! I had no WACC, investment appraisal, over trading Q, No big NPV question!! How can none of those come up as a big Q! The people who got investment appraisal got an advantage!

I thought the paper was awful. This was my fourth attempt, and I had a feeling that NPV or WACC wasn't going to come in Section C. Then I got stumped on the Lease vs Buy as it said that tax was not to be taken into consideration. I thought you had to tax your cashlows and then calculate the tax allowable depreciation for the Buy option. And for the Lease option, I thought you just had to calculate the tax allowable depreciation. But there were not tax or allowable depreciation rates in the question. I just don't know.

I got that too...I was so happy to see the answer when I finish calculated it Lol I hope that's the 2 marks I need to pass yes sighsssssss

I feel I could get between 45-55 but allyuh don't forget there were 10 questions out of the 40 questions that are not being marked. So If you think you got a question right it could actually be one of those questions LOL.

@sulli said: Money market hedging options were 169180 my answer hope its right 173k 175K 163K peso 1,200,000/1.019 deposit= 1177625 1177625 / by either 6.900- 7.100 peso i chose 7.100= 165863 $165863 * home interest 1.02% =169180

I got that too…I was so happy to see the answer when I finish calculated it Lol I hope that’s the 2 marks I need to pass yes sighsssssss

There was so much that seemed unfamiliar that I wondered if I was having a mental block.

The exam was hard nothing came as compared to what I was going through during the revisions. Section A questions where trick and section B was bad too.

Well, I wasn't getting any of the answers either... I didn't waste much time on it, I just chose the closest one. Either way, we will see on 15 October...