[Content removed at user request]
Ask the Tutor ACCA AFM
jupitet co (12/08)
I am not sure why you say 'a different way'?
The market value of debt is always the present value of the future receipts discounted at the required return. I would have used annuity factors from the tables at 5% (because the tables do not have 4.65%) and the examiner accepts that, even though the answer doing that will be only approximate.
Sign into reply to this topic.
