[Junaayyyddd]

Understood. Thank you so much.

[Junaayyyddd]

So, whenever I am using the MM + tax model, if there is no Kd given in the scenario of either of the companies ( our comapny and the proxy company ), and no data given to compute the Kd, then I can use the risk free rate instead in place of Kd right?
Thank you.

[Junaayyyddd]

Got the same paper as you. I started with Question 2 and Question 3. Did Question 1 at the last with remaining time. I thought that I was the only one who liked to solve in this order, but quite a lot of my friends did it like this as well.
Kinda panicked in Question 2, which was the first question which I attempted. Idk why, it was very unlike me, I usually don’t panic. I panicked and wasted about 25 minutes in the first requirement, which was Rollover I think.
Overall, the paper was OK, seemed very difficult to me at the start when I was panicking, but once I started to write, I felt OK and got in the rhythm.
Really going to be a close call with this paper, but I hope we all make it.
THANK YOU!

[Author]

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