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F9 Mock Exam Question 3 query.

Forums › ACCA Forums › ACCA FM Financial Management Forums › F9 Mock Exam Question 3 query.

  • This topic has 2 replies, 2 voices, and was last updated 14 years ago by emmachiswell.
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  • December 6, 2010 at 11:49 am #46651
    emmachiswell
    Member
    • Topics: 7
    • Replies: 7
    • ☆

    On Q3. part c we are told to use the Market Interest Rates of:

    $ Interest rates: 12% – 14% per annum
    £ Interest rates: 10% – 11.5% per annum.

    I have always been taught that Borrowing is on the left and Debt is on the right when using this format but the answer has the %’s the other way round ie 12% is the rate for Debt and 14% is the rate for borrowing.

    How do we know which one is which and have I been taught incorrectly?

    Emma

    December 6, 2010 at 11:16 pm #72644
    bridmw
    Member
    • Topics: 5
    • Replies: 132
    • ☆☆

    Company always borrows at the higher rate and lends at the lower.

    For currencies company always buy at the higher rate and sells at the lower rate.

    You should shoot your tutor! Telling you left and right does nothing to aid the comprehension of the material and leaves you with another potential place for error or confusion in the exam.

    December 7, 2010 at 1:34 am #72645
    emmachiswell
    Member
    • Topics: 7
    • Replies: 7
    • ☆

    Cheers for this and the other answer! Lifesaver. Goodluck if you are sitting this exam too.

    Em

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