June 10 Exams POLL Paper F9 was Post your comments here

@1686844

me too… 20% and 18% 🙂

I also got 20% and 18% on question 1, and a high NPV around $2000 ( i can’t remember exactly!) for q2
i left out the interest and the sunk fixed costs in q3 and used the nominal WACC – real rate x inflation rate rather than the 10%
I can’t remember what I ended up with on q4 for the DVM it seems at bit of a blur now!!

THANKS OPEN TUTION FOR THE LINK TO INTELLIGENCE ACCOUNTANCY LTD NOTES. THEY REALLY HELPED ME WITH THE THEORY PARTS. I HOPE FOR A 50%

I got cost of debt.. around 7%.. WACC >11.. Npv i remember was +2226 i think..
a{i} 2100 a{ii} 3900 (not sure 3100 3500).. Not sure about dividend yield calculation.. dps/mv of share… cum div share price or ex div share?.. not sure i used ex..thats all i remember.. if i at least get the calculations rite then i mite get 50..

I got a really high NPV too, but I expected this considering we were taking out 200pa. I thought this was about right given the amount of mistakes that Trainee made. It actually made me feel good about NPV for once!!

In terms of the probability I just X each amount by the % and used the combined total as my CF. I hope this was right. It is just a simulation so is just for guidance. Fingers crossed!! A lot of theory but not a bad paper. Only got about 82% of it done, but we shall see!!

Thats all i did for the probabilities i x each one by the % added them together and used this as my inflow with a starting balance of 500 odrawn.

In terms of NPV i got rather high but not to high i think it was about $1.9 mill npv which i was worried about but it seems like allot of people got the same! Its a shame they dont mark on average like they used to on AAT because by the sound of it everyone has struggled!

I missed out a part of a question also because time wise its just a joke i dont know anyone who has ever finished it with time to spare!
Im really worried but there is nothing we can do now! Just enjoy summer and wait for august

@raglem30 said:
I got a really high NPV too, but I expected this considering we were taking out 200pa. I thought this was about right given the amount of mistakes that Trainee made. It actually made me feel good about NPV for once!!

In terms of the probability I just X each amount by the % and used the combined total as my CF. I hope this was right. It is just a simulation so is just for guidance. Fingers crossed!! A lot of theory but not a bad paper. Only got about 82% of it done, but we shall see!!

last exam 4 me…now time for some sleep… 🙂

Good luck to those that still have exams left.

@johnnyn123 said:
1st of all….the question didn’t ask for the expected cash flow at the end of each period but the ending balance, therefore the (500) had to be the opening balance for period 1 and the EV of cash flows at the end of period 1 had to be brought to period 2. can’t remember exactly what closing bal was for period 1 but was something like 2100 positive.

I think we got the same answer

@tejal said:
how???

By multiplying the percentages of the situations
1) which give negative balance (10%+30%+60% for period 1)*(20% for period 2) for (iii) and
2) which give balance < - 2 m (30%+60% for period 1)*20% (for period 2) for (iv)

wat a hell paper it was i practiced a lot bt all in vain

I totally SCREWED de paper or should i say de paper itself waz made dat way ….

Expected value… =X WTH

Theory part waz pretty decent though .. HUH !!

Let it go better luck nxt tym HEHEHE :))

i tried so hard but all the hardwork was in vain!!! the only proper question was for NPV, apart from that the whole paper was a mess…. i shouldnt have taken F9 this time…..