Forums › ACCA Forums › ACCA FM Financial Management Forums › *** F9 June 2015 Exam was.. Instant Poll and comments ***
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- June 5, 2015 at 4:48 pm #253748
resit here i come…
June 5, 2015 at 4:48 pm #253749How did u manage the 75 % cut if th bad bad?
June 5, 2015 at 4:48 pm #253751on the factoring question when it came to the 80% did you multiply this by 7% or 2%??
June 5, 2015 at 4:49 pm #253752Q1 I chose forward rate agreement. The difference was $870
Q2. forgot to incorporate growth into earnings yield
Q3. It was better not to use the factor because it had a net cost of $19,104
Q4. This one threw me off balance. I first calculated the theoretical ex right price. I then calculated the present PE ratio. This question was rily tricky. You need to remove the issue cost from the amount raised before calculating the nominal value of the bonds that were redeemed. Calculating the nominal value of the redeemed bonds required a rather complex adjustment. The next step is to consider d interest saved and its effect on earnings. The new share price should then be calculated using PE ratio.
Q5. Part A was straightforward. I arrived at a positive NPV of $3,807,000. Anyone with me on this?
June 5, 2015 at 4:49 pm #253753@mfc2476 said:
Q20 of MCQ, I think I remember getting $2.10?I got $4.2
June 5, 2015 at 4:50 pm #253754I know which question do you mean bro, but that is another question 😉
June 5, 2015 at 4:51 pm #253755I used 2% as there was already a 5% cost of short term finance. Don’t know if this is right or not though.
June 5, 2015 at 4:51 pm #253756June 5, 2015 at 4:51 pm #253757I did (35% x $25) + (15% x $15) + (50% x $30)
Then inflated it yearly (those figures aren’t exact just showing calcs)
I think there is an NPV Q in BPP that has this, I thought this was the correct way to do it.
June 5, 2015 at 4:53 pm #253758@afuyegallas said:
Q1 I chose forward rate agreement. The difference was $870Q2. forgot to incorporate growth into earnings yield
Q3. It was better not to use the factor because it had a net cost of $19,104
Q4. This one threw me off balance. I first calculated the theoretical ex right price. I then calculated the present PE ratio. This question was rily tricky. You need to remove the issue cost from the amount raised before calculating the nominal value of the bonds that were redeemed. Calculating the nominal value of the redeemed bonds required a rather complex adjustment. The next step is to consider d interest saved and its effect on earnings. The new share price should then be calculated using PE ratio.
Q5. Part A was straightforward. I arrived at a positive NPV of $3,807,000. Anyone with me on this?
thank goodness , i thought i was the only one with net costs in factor question , 🙂
June 5, 2015 at 4:53 pm #253759Dont agree with you on question 3. Regarding question 4, multiple net proceeds from right issue by 100 and divide by 104, to find the nominal value of loan that will be redeemed by saving the interst on that nominal value
June 5, 2015 at 4:53 pm #253760is a venture capitalist organisation a financial intermediary?
June 5, 2015 at 4:54 pm #253761You are right
June 5, 2015 at 4:55 pm #253762Venture capital, being one type of institutional investor, is intermediary
June 5, 2015 at 4:55 pm #253763MV of loan note in MCQ, did anyone get the $96. answer?
June 5, 2015 at 4:56 pm #253764Agree, 29 was the right selling price
June 5, 2015 at 4:56 pm #253765Loan note was 96
June 5, 2015 at 4:57 pm #253766the MCQ calculation questions where ok it was the “which sentances are correct” that where a bitch….all i know is i put A for the first 3
June 5, 2015 at 4:58 pm #253767yes. i got the same
June 5, 2015 at 4:58 pm #253769Guys, cmon, they copied question 3 from bpp, the factor was viable. I have already explained the calculation earlier. You should have had 26500000*35/360*2%*0.8 to find finance cost on advance
June 5, 2015 at 4:59 pm #253770@arman90fy said:
Can anybody remember what this npv on q5 , I had 39….. Something . And tax liability I started from 1st yr. nd tax got fix figure of 375 ?Tax WDA was
1100 spread over the 4 years.June 5, 2015 at 4:59 pm #253771do share options always reward good performance?
June 5, 2015 at 5:00 pm #253772what is operational efficiency?
the other two were obvious but I couldn’t figure this outJune 5, 2015 at 5:00 pm #253773@chloesmudge said:
I did (35% x $25) + (15% x $15) + (50% x $30)Then inflated it yearly (those figures aren’t exact just showing calcs)
I think there is an NPV Q in BPP that has this, I thought this was the correct way to do it.
I did that.
3900 something altogether?June 5, 2015 at 5:00 pm #253774What about IRR?
It was 17.something i guess?
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