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Question 77
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. u" j& ] h! AWhen evaluating the qualifications of a board member, which of the following is least likely to be considered a positive factor? The board member:
% D& r7 C" ?# o6 d9 m9 a% YA) has board membership in excess of 10 years.
) q+ r9 S* |9 n* U# J9 {, v: o9 O2 \& VB) regularly attends meetings.
& Z' F7 F1 M+ ^9 C' zC) has made public statements regarding his ethical positions.- }+ h4 @# h9 n! c
D) has experience on other boards.
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答案和详解如下：
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+ R) @( e( G, O* {8 WQuestion 78
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1 z) s8 u& h, kWhich of the following is most accurate regarding the component costs and component weights in a firm’s weighted average cost of capital (WACC)?8 X! b/ S% w$ r' Z9 [
+ v/ K& M j1 A9 l# C/ lA) The dividend exclusion for corporate investments in preferred stock reduces the after-tax cost of preferred stock.& t' W1 S( w O$ X) w( z& E9 L
B) The weights in the WACC should be based on the book values of the individual capital components.
: S3 L; l* s$ Q. _2 h- |" V% _C) The appropriate pre-tax cost of a firm’s new debt is the average coupon rate on the firm’s existing debt.
1 H4 K" J. U9 R6 R+ ]% V- B/ B/ W6 JD) Taxes reduce the cost of debt for firms in countries in which interest payments are tax deductible.5 x1 Z2 s+ ^5 d
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答案和详解如下：: Y4 ]9 u$ w3 F4 R8 w3 k, F+ c9 v
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发表于 2015-7-19 10:00:04
