Free CIMA CIMAPRA19-F03-1-ENG Exam Questions

Absolute Free CIMAPRA19-F03-1-ENG Exam Practice for Comprehensive Preparation 

  • CIMA CIMAPRA19-F03-1-ENG Exam Questions
  • Provided By: CIMA
  • Exam: F3 Financial Strategy (Online)
  • Certification: CIMA Professional Qualification
  • Total Questions: 305
  • Updated On: May 21, 2026
  • Rated: 4.9 |
  • Online Users: 610
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  • Question 1
    • Which THREE of the following statements are correct? 

      Answer: A,C
  • Question 2
    • Extracts from a company's profit forecast for the next financial year as follows:

      11
      Since preparing the forecast, the company has decided to return surplus cash to shareholders by a share
      repurchase arrangement.
      The share repurchase would result in the company purchasing 20% of the 1,250 million ordinary shares
      currently in issue and canceling them.
      Assuming the share repurchase went ahead, the impact on the company's forecast earnings per share will be an
      increase of: 

      Answer: A
  • Question 3
    • A listed company in a high technology industry has decided to value its intellectual capital using the
      Calculated Intangible Value method (CIV).
      Relevant data for the company:
       • Pays corporate income tax at 30%
       • Cost of equity is 9%, pre-tax cost of debt is 7% and the WACC is 8%
      • The value spread has been calculated as $26 million
      Calculate the CIV for the company.

      Answer: A
  • Question 4
    • Company U has made a bid for the entire share capital of Company B.
      Company U is offering the shareholders in Company B the option of either a share exchange or a cash
      alternative.
      Advise the shareholders in Company B which THREE of the following would be considered disadvantages of
      accepting the cash consideration?


      Answer: A,B,D
  • Question 5
    • Company W has received an unwelcome takeover bid from Company B. The offer is a share exchange of 3
      shares in Company B for 5 shares in Company W or a cash alternative of $5.70 for each Company W share.
      Company B is approximately twice the size of Company W based on market capitalisation. Although the two
      companies have some common business interested the main aim of the bid is diversification for Company B.
      Company W has substantial cash balances which the directors were planning to use to fund an acquisition.
      These plans have not been announced to the market.
      The following share price information is relevant.


      1

      Which of the following would be the most appropriate action by Company W's directors following receipt of
      this hostile bid?

      Answer: C
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