Hey, I understand that we take out the opportunity lost due to subsidised loans in APV. But in question WACC, which appeared in Dec'04, the subsidy granted on the loan is 1 percent, but the answer given does not take out the opportunity lost. Please clarify this, I will be really thankful.
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APV-Subsidised loans
12y ago#1I am really sorry, but I no longer have access to questions from 2004 (it is 20 exams ago, and the examiner has changed twice since then :-) )
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