I was looking at the pattern of old exams, the most repeated topic is NPV and WACC.Assumimg cost of capital and investment appraisal is highly tested in the exam. Because I have and have been giving more priority to these to topics for section c. There are quite low chances that business valuation and risk management is tested in section c?
The two 20- mark questions will mainly come from the working capital management, investment appraisal and business finance areas of the syllabus. The section A and section B questions can cover any areas of the syllabus.
Although risk management can be asked as part of a Section C question, it would only be a small part. Business valuation is asked, but not very often.