How was the AFM exam?
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How was the AFM exam?
Vote below and leave a comment.
Why did the exam felt easy. Probably cos its my 5th attempt. . lol
i did all hard calculation but i forget to account for residual value in depreciation ..... and the time management is big issue
My questions were
Disinvestment and new acquistion by frodyr Co.- a lot of theory in 40 marks only two numerical parts worth (9+7)
In 9 marks they asked to calculate equity value of Gheel Co. one of the subsidiary they wanted to de invest from.
In 7 marks company value of Sham Co for acquisition purpose - it was via PE method. And in seven marks not all marks were related to this calculated but some was related to discussing financial impact on the dhareholders of foeydr Co ( acquirer).
Report was having many parts 80% of section question was theory
Hedging- we were to receive 18 M Dinar on 1 march and today was 1 September for which we had to calculate forwards, futures and options.
The only major change in such question was that the contracts were also quoted in Dinar which is not usual , usually the contracts are in the home currency which was dollar for us in this question.
So to calculate contract size I directly divided the amount to be received which was 18 M dinar with 125000 dinar ( contract size) , I calculated no of contracts as 144.
Third question included NPV + VAR in 10 marks then sensitvity analysis of sales followed by limitation about monte carlo simulation.
