CMA

北京赛车稳赢模式:英文CMA(P2)——Corporate Finance(2)

发布时间:2015-11-04 14:56 -阅读数: -文章来源:这是默认来源
文章简要

北京赛车pk10直播 www.cd2q.cn B.3.1. One reason that a financial manager may prefer to issue preferred stock rather than debt is because: A. The cost of fixed debt is less expensive since it is tax-deductible even if a sinking fund is required to retire the debt B. The......

B.3.1. One reason that a financial manager may prefer to issue preferred stock rather than debt is because:

  A. The cost of fixed debt is less expensive since it is tax-deductible even if a sinking fund is required to retire the debt

  B. The preferred dividend is often cumulative, whereas interest payments are not

  C. Payments to preferred stockholders are not considered fixed payments

  D. In a legal sense, preferred stock is equity; therefore, dividend payments are not legal obligations

  B.3.2. A company has recently purchased some stock of a competitor as part of a long-term plan to acquire the competitor. However, it is somewhat concerned that the market price of this stock could decrease over the short run. The company could hedge against the possible decline in the stock’s market price by

  A. Purchasing a call option on that stock

  B. Purchasing a put option on that stock

  C. Selling a put option on that stock

  D. Obtaining a warrant option on that stock

  B.3.3. Which one of the following statements concerning debt instruments is correct?

  A. The coupon rate and yield of an outstanding long-term bond will change over time as economic factors change.

  B. A 25-year bond with a coupon rate of 9% and one year to maturity has more interest rate risk than a 10-year bond with a 9% coupon issued by the same firm with one year to maturity.

  C. For long-term bonds, price sensitivity to a given change in interest rates is greater the longer the maturity of the bond.

  D. A bond with one year to maturity would have more interest rate risk than a bond with 15 years to maturity.

  B.3.4. Frasier Products has been growing at a rate of 10% per year and expects this growth to continue and produce earnings per share of $4.00 next year. The firm has a dividend payout ratio of 35% and a beta value of 1.25. If the risk-free rate is 7% and the return on the market is 15%, what is the expected current market value of Frasier’s common stock?

  A. $14.00.

  B. $16.00.

  C. $20.00.

  D. $28.00.


北京赛车pk10直播
微信扫一扫,关注CMA最新资讯,满满的干货喂饱你!CMA微信公众号:chinaima
TEL:400-821-8909 CMA分享与交流QQ群:480890188  
★★★点击免费领取CMA考试实战练习题★★★
CMA高清网课地址点击体验

学校名称:上海立信会计金融学院

学校地址:上海市徐汇区中山西路2230号

咨询电话:021-54891151

热门搜索词: CMA培训. CMA考试. CMA新闻. CMA交流. CMA资料.

全方位保障通过率
微信扫码有奖
相关资讯:
  • CMA考试
  • 了解CMA
立信零距离
北京赛车pk10直播
立信CMA寒假(暑期)班精品课程
校园环境
校区大门
校园风景
雕像
小桥流水
  • 服用-热门标签-华商生活 2018-12-07
  • 美的发布高端旗舰微晶系列冰箱 2018-12-07
  • 高自民、余新国任深圳市委常委 2018-09-15
  • 藏族作家阿来的“等待” 2018-09-15
  • 您访问的页面找不回来了 2018-09-05
  • 宣传轻骑兵 让十九大精神入耳入心 2018-09-05
  • 大余66岁老人上山摘杨梅迷路 警民合力深夜用无人机搜救 2018-09-04
  • 抚州市12名处级干部正式任职 2018-09-04
  • 【专题】全省“不作为、乱作为、慢作为”问题线索举报平台 2018-09-03
  • “中国最美的小鸟”在吉安等地营巢 2018-08-31
  • 人民网驻英国记者报道集 2018-08-31
  • 科大讯飞拟募资金约36亿 加码人工智能 2018-08-20
  • 《新乌龙院之笑闹江湖》吴孟达郝劭文时隔24年再聚首 2018-08-14
  • 英国政治家威廉·皮特说得好:百姓的茅草房,风可以进,雨可以进,国王不可以随便进。 2018-08-14
  • 压倒性态势是如何形成的——党的十八大以来反腐倡廉工作综述 2018-08-13
  • 569| 688| 685| 619| 854| 908| 842| 776| 686| 30|