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No reliance should be  \nplaced on the content as the basis for any investment or other decision or in connection with  \nany advice given to third parties. Please consult your appropriate professional adviser as necessary. Kaplan Publishing Limited and all other Kaplan group companies expressly disclaim all liability to any person in respect of any losses or other claims, whether direct, indirect,  \nincidental, consequential or otherwise arising in relation to the use of such materials.  \nAcknowledgements  \nWe are grateful to the Association of Chartered Certified Accountants and the Chartered  \nInstitute of Management Accountants for permission to reproduce past examination questions.  \nThe answers have been prepared by Kaplan Publishing.  \nP.2 KAPLAN PUBLISHING  \nContents  \nPage  \nChapter 1 The role and responsibility of the financial  \nmanager 1  \nChapter 2 Investment appraisal 41  \nChapter 3 International operations and international  \ninvestment appraisal 71  \nChapter 4 The financing decision 119  \nChapter 5 The dividend decision 167  \nChapter 6 The weighted average cost of capital (WACC) 199  \nChapter 7 Risk adjusted WACC and adjusted present value 227  \nChapter 8 Option pricing 251  \nChapter 9 An introduction to risk management 279  \nChapter 10 Hedging foreign exchange risk 319  \nChapter 11 Hedging interest rate risk 359  \nChapter 12 Strategic aspects of acquisitions 393  \nChapter 13 Business valuation 433  \nChapter 14 Corporate failure and reconstruction 475  \nChapter 15 Professional skills 525  \nChapter 16 Employability and technology skills 535  \nChapter 17 Questions and Answers 549  \nIndex I.1  \nKAPLAN PUBLISHING P.3  \nP.4 KAPLAN PUBLISHING  \nIntroduction  \nKAPLAN PUBLISHING P.5  \nHow to use the Materials  \nThese Kaplan Publishing learning materials have been carefully designed to  \nmake your learning experience as easy as possible and to give you the best  \nchances of success in your examinations.  \nThe product range contains a number of features to help you in the study  \nprocess. They include:  \n1 Detailed study guide and syllabus objectives  \n2 Description of the examination  \n3 Study skills and revision guidance  \n4 Study text  \n5 Question practice  \nThe sections on the study guide, the syllabus objectives, the examination and  \nstudy skills should all be read before you commence your studies. They are designed to familiarise you with the nature and content of the examination and give you tips on how to best to approach your learning.  \nThe study text comprises the main learning materials and gives guidance as to the importance of topics and where other related resources can be found. Each chapter includes:  \n• The learning objectives contained in each chapter, which have been carefully mapped to the examining body's own syllabus learning objectives or outcomes. You should use these to check you have a clear understanding of all the topics on which you might be assessed in the  \nexamination.  \n• The chapter diagram provides a visual reference for the content in the chapter, giving an overview of the topics and how they link together.  \n• The content for each topic area commences with a brief explanation or definition to put the topic into context before covering the topic in detail. You should follow your studying of the content with a review of the illustration/","cbCaiiZXMUeTqqtN","https://ap.wps.com/l/cbCaiiZXMUeTqqtN","pdf",23416360,634,"English","# Contents\n## Chapter 1 The role and responsibility of the financial manager\n## Chapter 2 Investment appraisal\n## Chapter 3 International operations and international investment appraisal\n## Chapter 4 The financing decision\n## Chapter 5 The dividend decision\n## Chapter 6 The weighted average cost of capital (WACC)\n## Chapter 7 Risk adjusted WACC and adjusted present value\n## Chapter 8 Option pricing\n## Chapter 9 An introduction to risk management\n## Chapter 10 Hedging foreign exchange risk\n## Chapter 11 Hedging interest rate risk\n## Chapter 12 Strategic aspects of acquisitions\n## Chapter 13 Business valuation\n## Chapter 14 Corporate failure and reconstruction\n## Chapter 15 Professional skills\n## Chapter 16 Employability and technology skills\n## Chapter 17 Questions and Answers\n## Index","[{\"question\":\"What learning support does the AFM study text provide before starting the chapters?\",\"answer\":\"It includes a detailed study guide with syllabus objectives, a description of the examination, and study skills and revision guidance. 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