Forums › ACCA Forums › ACCA FM Financial Management Forums › *** F9 December 2014 Exam was.. Instant Poll and comments ***
- This topic has 332 replies, 121 voices, and was last updated 9 years ago by hklui2007.
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- December 7, 2014 at 10:26 am #219093
Fundamental,
How about you?December 7, 2014 at 11:21 am #219099fundamental too, but I just guessed, no idea if it is correct. Was tempted semi strong efficient.
an ques number 1 was 3.50 thats sure.
December 7, 2014 at 11:39 am #219103Ya I guessed as well!
Semi-strong seem like wrong, because text book and lecturer’s note stated that it can not earning abnormal return…December 7, 2014 at 11:43 am #219105AnonymousInactive- Topics: 0
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@wayhern said:
Semi-strong can not earn abnormal return if I not wrong, regarding text book and my lecturer’s note…yes i guess so. u can only earn those returns from historical data if the market is completely inefficient.
December 7, 2014 at 11:59 am #219108but I never heard about the others before. I googled searched fundamental analysis not sure abt it.
December 7, 2014 at 12:32 pm #219114AnonymousInactive- Topics: 0
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Got many C’s too. But was uncertain about the answers.
December 7, 2014 at 1:13 pm #219124it’s neither semi-strong form nor fundamental analysis.
but technical analysis. i’m pretty sure.December 7, 2014 at 1:21 pm #219129Hi Guys
Anyone remember the question on MCQs where we had to deal with a convertible loan. And it gave us a before tax cost of cap of 6% and an after tax cost of cap of 9%
Which one where we supposed to use. I think the answers where $97 and €107 approx ??? Please tell me I used the right one – thanks??
December 7, 2014 at 1:40 pm #219137yes its technical analysis.
December 7, 2014 at 2:01 pm #219145@mcparland20 said:
Hi GuysAnyone remember the question on MCQs where we had to deal with a convertible loan. And it gave us a before tax cost of cap of 6% and an after tax cost of cap of 9%
Which one where we supposed to use. I think the answers where $97 and €107 approx ??? Please tell me I used the right one – thanks??
if i remember correctly after tax cost of capital was 6% and before was 9% so you should use before tax cost – 9%
December 7, 2014 at 2:02 pm #219146i used the before
December 7, 2014 at 4:03 pm #219159AnonymousInactive- Topics: 0
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hey you seriously got soo many A’s???i got soo many C’s…but the paper wasnt that bad…it was well balanced…where are you doing ACCA from??? are you doing any other paper??
December 7, 2014 at 4:08 pm #219160AnonymousInactive- Topics: 0
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can you remember what question it was???as in the question number!!!
December 7, 2014 at 4:13 pm #219161I remember that at some point I had abt 4 C after each other Oo
December 7, 2014 at 6:17 pm #219178Guys in question 5 part about rights issue. Did anyone talk about, time, gearing, and share prices? 🙁
December 7, 2014 at 6:30 pm #219179i mentioned gearing goes down, eps as well. As gearing goes down company more attractive to investors, on the other hand equity more expensive as shareholders needs there return as they are risk bearers and paid last. I mentioned a little miller modigliani too. And maybe I mentioned rights issue doesnt make you lose control, i forgot.
About that question I didnt do the Wacc book value 🙁
December 7, 2014 at 6:45 pm #219184I said if the existing shareholders dont have confidence in the company due to high gearing they may pass on the rights issue and then the shares will be sold to other people on the stock exchange, therefore the company could partly lose control as the shareholders would be diluted and far more spread. Waffley assumptions but is this correct?
December 7, 2014 at 7:01 pm #219191No.idea actually as i talk a little about time in that they will go for the rights issue of they need now for liquidity problems, a company will go for equity finance if the share prices are high and of course financial gearing id also a reason for equity finance.
December 7, 2014 at 7:22 pm #219196my is worst i didnt calculate the book value. didnt read question well
December 7, 2014 at 7:34 pm #219198I agree with all of you, I studied the complete text, I think I was well prepared, but I didn’t recognize half of MCQs at all… This is not fair, or did I study with the wrong books??) The complete text needs to be revised for the summer session.
December 7, 2014 at 7:41 pm #219200From what year were the price/cost to be inflated?
I started inflating from Year 2 onwards, based on the Year 1 figures. (Because there was no mention of the figures being on “current price terms”)
The question was very much silent about this.
December 7, 2014 at 7:44 pm #219201@kenzochin said:
Guys I think for Q5 to calculate the cost of equity, the equity risk premium has already been multiplied by the beta value there for it is called Equity risk premium, we only need to multiply the beta value if they had given ‘risk premium’ instead.Finally! Someone who thought alike about inflation.
December 7, 2014 at 7:49 pm #219202i got 10.39% wacc
December 7, 2014 at 7:50 pm #219203Correct! You multiply the risk premium with the beta factor which gave a cost of capital of 10.9 if i remember correctly
December 7, 2014 at 7:52 pm #219204Oups cost of equity of 10.9
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