You will be provided with the following in the exam:
1. Formulae as per attached formulae sheet
2. Maths tables.
You can download the formulae and maths table from the 'Related documents' section of this page.
Learn more about the AFM M&M proposition formula
From the September 2024 exam session onwards, the AFM formula sheet has been amended to include a rearranged version of the Modigliani and Miller (M&M) proposition 2 formula. Check out our new video to understand when you should and should not use the formula and how to use it in a spreadsheet.
Return to the exam resource finder to locate other materials to help with your studies