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Bpp kit question no 206 page 58
Sir in the answer part the interest on loan is 8 % .. i just cant find it in the question or have they calculated the percentage somehow from the information given
Also the question does not say the shares are of 0.5 $..to get total shares pf 20m .. could you please help me understand how did they come up with interest rate of 8 percent and 0.5$ sharesBPP have made a mistake in the typing of the question.
If you look at the actual exam question on the ACCA website, you will see that in the capital structure the loan notes say against them ‘8%’ – BPP forgot to include it!!
Also, in the actual exam question, against the ‘ordinary shares’ is typed ‘$0.50 nominal value’
It is very poor of BPP 🙁
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