Financial Management, B.Com (Programme)
Theories of capital structure
Every paper it came up in, with its marks and how they split between numerical and theory.
No. 4in the study order: adds 12 marks to a 90-mark paper10/11papers it came in, 2017 to 2025, 1 of them only as the OR choice
13.7marks on average when it comes
30most marks it has carried in one paper
Numerical 66%Theory 34%of its marks over all papers
Where it appeared one per sitting
December 2025Q3 in this paperDecember 2024Q3 in this paperJanuary 2024Q3 in this paper
2025, older paperQ3, Q4, Q5, CBCS syllabus
2023, older paperQ3, CBCS syllabus
2022, older paperQ4, CBCS syllabus
2020, older paperQ3, CBCS syllabus
2019, older paperQ3, CBCS syllabus
2018, older paperQ3, CBCS syllabus
2017, older paperQ3, CBCS syllabus
Current syllabus UGCF papers, newest first
- MM with tax: value and WACC of firms U and L9 marksQuestion 3 (a), December 2025
- Net operating income approach: value and cost of equity9 marksQuestion 3 (b), December 2025
- Traditional approach: costs of debt and equity and the overall cost of capital9 marksQuestion 3 OR (a), December 2025
- MM assumptions and Proposition I without taxes9 marksQuestion 3 (c), December 2024
- Net income approach: value and overall cost of capital9 marksQuestion 3 OR (c), December 2024
- Value of two firms under the net income approach9 marksQuestion 3 (a), January 2024
- Traditional and net operating income approaches to capital structure9 marksQuestion 3 OR (a), January 2024
Older papers CBCS syllabus, newest first
- Net income versus net operating income approaches compared7 marksQuestion 3 (b), 2025 older paper
- MM: values, the switch from L to U, and the limits of arbitrage8 marksQuestion 4 (a), 2025 older paper
- Short notes: net income approach, types of leverage, risk-return trade-off in working capital15 marksQuestion 5 OR, 2025 older paper
- Net income approach: values and overall cost of capital7 marksQuestion 3 (b), 2023 older paper
- Critical evaluation of the NI and NOI approaches8 marksQuestion 4 (a), 2022 older paper
- MM with corporate tax: values and WACC of U and L7 marksQuestion 4 (b), 2022 older paper
- MM as the justification of NOI; NOI valuation as debt rises18.75 marksQuestion 3, 2020 older paper
- MM approach: how a 10% holder of P gains by switching to Q15 marksQuestion 3 OR, 2019 older paper
- NOI approach: value of the firm and the cost of equity as debt changes8 marksQuestion 3 OR (a), 2018 older paper
- The arbitrage process of the MM theory, with an illustration8 marksQuestion 3 (a), 2018 older paper
- MM approach: values and the gain from switching (with an inconsistent printed EBIT)8 marksQuestion 3, 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