It appears the examiners left it to the last day of exam week to provide the hardest paper – AFM! Here’s the feedback for FM and AFM…
FM
‘OK’ for some, and ‘difficult’ for others! One sitter just called it ‘meh’.
The Baumol model question threw some, and the MCQs seemed harder than the mocks.
Invest appraisal and WACC calculations came up, pleasing one student, at least! However, they struggle on the capital structure question.
Most votes in the Open Tuition Instant Poll went to ‘OK’ with 43%. Then it was ‘hard’ on 38%, and another 12.6% ticked the ‘disaster’ box.
AFM
A ‘disaster’ of an exam for 34% of sitters, according to the Open Tuition Instant Poll. Another 42% said the exam was ‘hard’, and just 22% felt it was all ‘OK’.
Sitters admitted to struggling with Q1 on business valuation. “Just too much data to deal with,” explained one PQ.
Another student reminded everyone the aim was just to make it to 50%!
