Financial Management, B.Com (Hons)
Theories of capital structure
Every paper it came up in, with its marks and how they split between numerical and theory.
10/11papers it came in, 2017 to 2025, 3 of them only as the OR choice
15.5marks on average when it comes
22most marks it has carried in one paper
Numerical 91%Theory 9%of its marks over all papers
This topic only ever appears as the OR choice against Leverage and EBIT-EPS analysis. Learn one of the two, not both; the plan leaves this one out unless you drop the other.
Where it appeared one per sitting
December 2025Q1, Q3 in this paperDecember 2024Q1, Q3 in this paperDecember 2023not asked
2024, older paperQ4, CBCS syllabus
2023, older paperQ3, Q4, CBCS syllabus
2022, older paperQ2, Q5, CBCS syllabus
2021, older paperQ3, CBCS syllabus
2020, older paperQ3, CBCS syllabus
2019, older paperQ4, CBCS syllabus
2018, older paperQ2, Q3, CBCS syllabus
2017, older paperQ3, CBCS syllabus
Current syllabus UGCF papers, newest first
- MM with corporate tax: value of the two firms9 marksQuestion 1 (c), December 2025
- Optimum capital structure under the traditional approach6 marksQuestion 3 OR (a), December 2025
- Net income and net operating income approaches9 marksQuestion 1 OR (c), December 2024
- Value of two firms and the MM arbitrage process12 marksQuestion 3 OR (a), December 2024
Older papers CBCS syllabus, newest first
- Net Income and Net Operating Income approaches: value of two firms10 marksQuestion 4 (b), 2024 older paper
- Traditional approach to capital structure5 marksQuestion 3 (a), 2023 older paper
- MM approach with corporate tax: value and cost of equity5 marksQuestion 4 (a), 2023 older paper
- Traditional approach to capital structure5 marksQuestion 2 (a), 2022 older paper
- MM approach: values of two firms and the arbitrage process10 marksQuestion 2 OR (b), 2022 older paper
- Why debt is the cheapest source; can a firm be wholly debt-financed?5 marksQuestion 5 (a), 2022 older paper
- Is equity costless? NI approach for two firms with tax18.75 marksQuestion 3, 2021 older paper
- MM approach: critical appraisal and the arbitrage process18.75 marksQuestion 3, 2020 older paper
- MM's behavioural justification: the arbitrage process4 marksQuestion 4 OR (a), 2019 older paper
- NI and NOI approaches: values, overall cost and equity rate11 marksQuestion 4 OR (b), 2019 older paper
- MM approach: values of two firms and the arbitrage process11 marksQuestion 2 OR (b), 2018 older paper
- Net Income and Net Operating Income approaches, with tax11 marksQuestion 3 OR (b), 2018 older paper
- MM approach: values of two firms and the arbitrage process11 marksQuestion 3 (b), 2017 older paper
See the whole order.Every topic of Financial Management ranked by what it adds, with the OR choices accounted for.
Study order