(QP 撚）QP Modules June 2019

鳩答
加息 借貸成本高左 d人借錢買股票成本高左 股價跌
持續加息 債價下跌

我都係
原來我早上答題簿冇寫明係paper 1
只寫咗Final examination of QP

雖然應該唔會成份唔改
不過好on9 唉

一樣咁答 有版係話int rate同bond price成反比
然後話d shareholed withdraw holding 或者預期高d回報

9 吹。加息影響經濟無人買佢products, risk of insolvency increased due to increased interest payment, more tax shield benefit, 會考慮用internal financing, 要用hedging instrument (forward/future contract, interest rate swap)。

Impact to bondholder - market value of existing bonds will decrease (downward sloping yield curve)

Impact to shareholders - need increased return due to increased insolvency return. May need higher dividends to incentivize them to carry on to invest in equity (otherwise switch to debt investment)

借錢買股票嗰啲擺明係賭錢

睇落好 make sense

巴打Prize winner 仲唔係你

呢D應該唔多睇到

呀個bond price 冇提

準備Tri take 留名

有題問 compensation to 果個executive director/CCO 點 disclose ? 連邊條standard 都唔知 係咪employee benefits 果課？

hkas 24

Hkas24 有講key management 點disclose compensation

人地b part都問果個女人係咪rp
答題技巧做c望b

kmp compensation 要disclose in total by categories by individual

忽然間諗到個compensation Hkfrs 7/9 係咪都要disclose

想問下個題係唔係lease

同我寫法差唔多
但我覺得12分嘅題目係寫到好深入，唔知可以執到幾分

邊條？
q3 ?

各位，原本想後會無期
而家約定大家下次見啦，後會有期

唔記得 應該係 佢話可以substitue

但係佢話briefly discuss果2個role ，我當佢唔多分

only if damage or a better model, 不成立

我都係，個時我只係聽到佢講話Final examination,聽唔到佢講paper 1

我問左個監考官，佢話冇咩所謂，最緊要係唔好寫錯個student number 同desk number

但係唔知信唔信佢好

帽事既