Real optionsForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Real optionsThis topic has 1 reply, 2 voices, and was last updated 5 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts June 3, 2019 at 6:25 am #518469 st03162MemberTopics: 1Replies: 3☆In Kaplan exam kit, answers sometime includes additional investment required (Pe) as part of Pa when calculating option to delay. sometimes pe is excluded. So should I include Pe in Pa or not. Pa should be the present value of future cash flows. June 3, 2019 at 8:25 am #518503 John MoffatKeymasterTopics: 57Replies: 54478☆☆☆☆☆I can’t give you a definite answer, because it all depends on the exact wording of the question.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In