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| Vendor: | CIMA |
|---|---|
| Exam Code: | CIMAPRO19-P03-1 |
| Exam Name: | P3 Risk Management |
| Exam Questions: | 276 |
| Last Updated: | October 6, 2026 |
| Related Certifications: | CIMA Professional Qualification |
| Exam Tags: | Intermediate Level Finance Managersrisk analysts |
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VBN's home currency is the V$. On 1 January, VBN must make a payment of C$2 million on 31 March of that same year.
On 1 January the spot exchange rate was V$1 = C$0.4.
On 1 January VBN paid $180,000 for a call option to buy C$2 million for V$5.5 million on 31 March. VBN's cost of borrowing was 8% per year.
On 31 March the spot rate was V$1 = C$0.45.
What was the total cost, including the cost of the option, of settling the payable?
You have just been employed as a management accountant in a small business with an annual turnover of $0.5 million.
You have a wide range of duties because the business is small.
Which of the followingis an ethical risk?
DFR is an online retailer that sells picture frames The software running on DFR's website enables customers to log in and make purchases by inputting an email address as a user name and a password that must contain at least eight characters, including upper and lower case letters, numbers and punctuation marks (e.g. , $ or!) Once logged in, customers can check previous orders that they have placed.
Customers can also use DFR's website to change personal details, including credit card numbers and delivery addresses Whenever they wish to use those facilities, the software sends a text message containing a six-digit number to their mobile phones They must input that number before the system will accept changes to their personal details
Which TWO of the following statements are correct?
Company directors who exercise executive share options generally resell the shares immediately, rather than holding them Which of the following best explains this behavior?
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