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Question 77
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1 h% b0 J. f# @! ^; |When evaluating the qualifications of a board member, which of the following is least likely to be considered a positive factor? The board member:/ m7 B; B* u8 S- [+ D( P
A) has board membership in excess of 10 years.
& y$ Y9 _4 u: F2 b) \B) regularly attends meetings.
& S( _* j3 t1 }% M0 tC) has made public statements regarding his ethical positions.% s; T, j6 ?. N" b
D) has experience on other boards.. ]: i8 \6 O+ @0 Z8 P
+ n- t" M9 p2 r6 d答案和详解如下:' g( G- A# W5 a( b2 @: I
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. A" l- W7 O& u) z6 i/ mQuestion 78" B7 `9 Y' H5 V# t+ M
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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)? C$ b1 R6 h s. w" _
$ m# i% N4 @% |/ T! A VA) The dividend exclusion for corporate investments in preferred stock reduces the after-tax cost of preferred stock.( n9 |+ E9 D9 O% Z* {/ w
B) The weights in the WACC should be based on the book values of the individual capital components.
) p( M/ C& c# q4 k1 s( O! BC) The appropriate pre-tax cost of a firm’s new debt is the average coupon rate on the firm’s existing debt.4 Z1 o& r0 y% h( |7 M
D) Taxes reduce the cost of debt for firms in countries in which interest payments are tax deductible.
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0 \ T, o( w# h, k) B' J# R" g- e答案和详解如下:
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