*** F9 June 2015 Exam was.. Instant Poll and comments ***

I left out like 6 chapters. This must be in there somewhere. Not seen it before

I did…
1 A
2 C
3 B
4 A
5 A
6 D
7 D
8 B
9 B
10 B
11 C
12 A
13 C
14 B
15 C
16 A
17 D
18 C
19 B
20 D

Q20
Why did u do D???

That was for if thee nominal value of the shares was 1 dollar but they gave it as 50cents

Mcq 19 was D

I think first mcq was A, second mcq was D

Sam, what was your answer on borrower buying futures? On money market deposit definition? On beta of debt?

Yeah that one buying at futures and selling at futures that statement was wrong

Yeah, do you also agree that factoring improves efficiency of receivables management? Also there was a point when they said that expected net present values are calculated for the project ONCE, i think that one was also wrong

Yeah about efficency was correct

Well wherever the beta statement was it was wrong and the other 2 option were correct

I didn’t pick up on that.

Mcqs were terrible for me.

I need to get at least 12 mcqs right iterwose resit in December.

Holiday in September 😉

Anyways m going to revise for other papers.
F9 is history can’t change it.

Been trying to remember the MCQs in total so have a list (in the wrong order I know) so maybe it might jog some memories about the missing ones?

1. The FX one – know I got that one wrong as I just couldn’t get me head around it unfortunately.
2. Markets – three options, the middle one about operating efficiency? Think I said 1 and 3 were right and that was wrong – this is one of my ‘unsure’ ones.
3. Growth – options on mean growth, payout ratios etc – chose D – 6% mean growth.
4. Baumol – can’t remember the number but think it was straightforward (interest rate was net)
5. MV Convertible Debt – $96 ish – not sure exact figure but think ok on that one.
6. WACC – again can’t remember costs but was straightforward.
7. IRR – at 15% and 20% – answer was 17 point something
8. Payback – can’t remember question but think was straighforward
9. Yield Curve – downwards when rates expected to fall – true, market seg. theory explains kinks – true, real returns explains upwards slope – true.
10. Borrowers sell futures – can’t remember rest of options on that one.
11. Intermediaries – think all are
12. Risk – asset beta includes financial risk – no, total risk is sum of sys/unsys – yes, assuming beta debt = zero underestimates – said no – last one strangely worded – one of those horrible ones where you doubt yourself.
13. TSR in Year 3 – think that was okay unless made a mistake due to being depressed by then by all the theory ones.
14. Something about ROCE? Vaguely remember an option about Return on Equity which was wrong
15. Net Assets value – can’t remember figure but I had total assets less current and long terms liabilities – though now hoping didn’t miss any preference shares by reading too quick?
16. Something about treasury bills – can’t remember the options

That’s all I can remember – if anyone can fill in the missing ones or remember the options for the wordy ones that would be great!