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Doric- Pilot paper

This topic has 1 reply, 2 voices, and was last updated 9 years ago by John Moffat.

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November 29, 2014 at 6:20 pm #214490
KISHA
Member
- Topics: 18
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Good day sir
In the above mentioned question it states that equity are .40 and that a premium of 20% is added.
My calculation was .40*1.20
However the anaswer had .60
Can you explain
Thank you
November 30, 2014 at 7:53 am #214592
John Moffat
Keymaster
- Topics: 57
- Replies: 54479
The premium is on the market value, not on the nominal value.
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