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September/December 2017

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › September/December 2017

  • This topic has 3 replies, 2 voices, and was last updated 6 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • July 21, 2018 at 4:17 pm #464151
    1acca1
    Member
    • Topics: 16
    • Replies: 12
    • ☆

    I have worked out question 31, current market value of loan notes as 105/100 * 10,000 cause the questions states that ‘loan notes are redeemable in four years time at a 5% premium.’

    July 21, 2018 at 5:30 pm #464163
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    But that is not the way that we calculate the current market value!!

    The market value is the present value of the future receipts discounted at the investors required rate of return. However this is not needed in this question because you are told the MV of the loan notes in the question!!

    All of this is explained in detail in my free lectures – they are a complete free course for Paper FM and cover everything needed to be able to pass the exam well.

    There is little point in attempting past exam questions without studying first! 🙂

    July 22, 2018 at 11:00 am #464215
    1acca1
    Member
    • Topics: 16
    • Replies: 12
    • ☆

    Yes you’re right. thank you

    July 22, 2018 at 6:31 pm #464252
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘September/December 2017’ is closed to new replies.

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