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! [ k9 C& {+ p: N, `5 A6 j9 H5 A+ PQuestion 77* Y& h; z5 t) T
0 A* l3 y. H6 D& I4 q" ?7 Q3 x2 XWhen evaluating the qualifications of a board member, which of the following is least likely to be considered a positive factor? The board member:
% o+ `$ |6 y! H q' E" GA) has board membership in excess of 10 years.% U& | `3 S# Z2 a! G3 a
B) regularly attends meetings.! v% a+ u% Z3 g0 O x, o
C) has made public statements regarding his ethical positions.
% ]1 H# Q, Y2 `. m. H5 gD) has experience on other boards.
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3 ?; L% [- ^- m: D2 m+ X0 A$ P答案和详解如下：
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! d3 ?1 v5 T' u7 @" H3 A% FQuestion 78
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Which of the following is most accurate regarding the component costs and component weights in a firm’s weighted average cost of capital (WACC)?
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: V% N5 a4 d( r4 x. k* A: ]A) The dividend exclusion for corporate investments in preferred stock reduces the after-tax cost of preferred stock.
+ U, i( g! P" E( V0 zB) The weights in the WACC should be based on the book values of the individual capital components.
! M2 t$ f1 `3 B, jC) The appropriate pre-tax cost of a firm’s new debt is the average coupon rate on the firm’s existing debt.' J3 }/ d* k o7 _. g- Z
D) Taxes reduce the cost of debt for firms in countries in which interest payments are tax deductible.
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答案和详解如下：
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发表于 2015-7-19 10:00:04
