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Is it in the syllabus? the technical article on optimal capital structure mentions it. And makes the subject a lot more complicated than in your lecture.
The title of your post “KEG WACC” does not mean anything. I can only assume that you are referring to the cost of equity in a geared company.
My lectures for Paper FM cover everything relevant for the Paper FM exam.
You do not say which technical article you are referring to. Some of the articles are written covering both Papers FM and AFM and obviously Paper AFM examines things to a higher level and include things are that not examinable in Paper FM.
If you tell me which article you are referring to, and what it is that you think is more complicated, then I will be able to answer you properly 🙂
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