*** F9 December 2014 Exam was.. Instant Poll and comments ***

And rounding wacc i got 10.4

@olga123x said:
I 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.

Olga!!!!!!!!!! Sixty percent of the MCQ’s is not in the F9 Syllabus. We should get that 24 marks added to the score of our exam. I believe we MUST petition the ACCA administration.

This is just brutal for anyone one who spent their time prepare for something and tested on matters that was not taught or recognized in practice materials. All the student MUST write the body on the matter. They are unfair and actions disastrous to life. This need to go pass the OT forum and in the office of ACCA – we must be allocated the marks for the questions which are not in the study manuals and syllabus.

Regards,

The question did mentioned that all the prices not included inflation in a small note if I am not mistaken just above of the prices data…

yes all surplus.

A mistake I did in that question I did is that I understood that the loan was paid back in and not that it took a loan. 🙁

re ques about 9% or 6% I got 107 too.

I am so upset about the whole thing! If this exam was in old format, I would’ve passed it with good marks! But because of the difficulty of the MCQ’s I feel so let down! I felt like running away when I turned the first page of the exam paper. The MCQ’s were awful. It is not just fair! What the hell is reverse yield? This is NOT fair on any of us. We all HAVE WORKED so hard for this… Probably the majority of us know the 80% of the book but because of the MCQ’s we will fail…. So NOT fair! One very upset student who worked hard day in day out!!!!!! 🙁

When are they going to publish the exam paper? Its taking ages.

9 A company has 7% loan notes in issue which are redeemable in seven years’ time at a 5% premium to their nominal value of $100 per loan note. The before-tax cost of debt of the company is 9% and the after-tax cost of debt of the company is 6%.
What is the current market value of each loan note?
A $92·67 B $108·90 C $89·93 D $103·14
3

I said A

2 Which of the following statements is/are correct?
1 Securitisation is the conversion of illiquid assets into marketable securities 2 The reverse yield gap refers to equity yields being higher than debt yields 3 Disintermediation arises where borrowers deal directly with lending individuals
A 2 only
B 1 and 3 only C 2 and 3 only D 1, 2 and 3

I said D all of them…

3 Which of the following statements are correct?
1 Maximising market share is an example of a financial objective
2 Shareholder wealth maximisation is the primary financial objective for a company listed on a stock exchange 3 Financial objectives should be quantitative so that their achievement can be measured
A 1 and 2 only B 1 and 3 only C 2 and 3 only D 1, 2 and 3

I said D again. All of them

Anyone same?

Reverse yield gap is wrong, it refers to debt being higher than equity i just googled it. Answer is B

preparing to resit F9, hardest paper for me so far. I’ve heard some people saying it is so easy! not true

Which means your answer is A?

Question 3 options 2 wrong?