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Hello John,
While answering/commenting on calculation part of the question where separate marks are allocated…..If someone makes mistake in calculations or may be wrong calculation and in next part examiner want us to comment on that calculation…. Will any mark be given for commenting even calculation is wrong…!
Usually in Valuation question we calculate value of firm and net change in value of share if calculated change is wrong i.e should have been ideally positive but we calculated it negative and commented likewise so will any credit given for comment portion,
Thanks
You are given the marks for making sensible comments about your figure. So even if your figure is wrong, you can still get full marks for the written part.
(A very simple example is an NPV. Maybe the correct answer is positive and therefore you would accept the project. However if you make a mistake in the arithmetic and get a negative NPV, you would still get full marks for saying that you should reject the project.)
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