|
|
& ^$ v( y* D% J- F' D5 ?; g
Question 77
/ Q" Z. a' h/ r, G* @: H) v
+ C8 s8 K) e6 ]When evaluating the qualifications of a board member, which of the following is least likely to be considered a positive factor? The board member:/ J0 H8 z n+ _! r; s' o
A) has board membership in excess of 10 years.
* [; v9 e1 I: y1 z T4 ?B) regularly attends meetings.+ M7 f p$ {5 H: G& R( Q" X5 r/ n
C) has made public statements regarding his ethical positions.
# @5 L e" e a1 mD) has experience on other boards.
8 E u3 C: B# e% s5 @ $ N8 [9 {+ s/ ]- Z
答案和详解如下：7 r: C: f! k3 `* o: D9 E
- z/ V3 A7 ]4 n6 |, o
; [1 w7 \- `) y& i4 z2 |. K
Question 78
/ c/ Q7 ~6 I% L; ]: W7 ? f7 C& o) j
Which of the following is most accurate regarding the component costs and component weights in a firm’s weighted average cost of capital (WACC)?
/ ?' E; b* v/ @9 ~( z& p% o& Z/ o: h$ i
A) The dividend exclusion for corporate investments in preferred stock reduces the after-tax cost of preferred stock.
3 p4 E# M7 Z5 M7 BB) The weights in the WACC should be based on the book values of the individual capital components.
6 T: E% g0 R( b% Z: a2 ]! W, jC) The appropriate pre-tax cost of a firm’s new debt is the average coupon rate on the firm’s existing debt.
( } |2 n. W& w$ S- v% z" m5 oD) Taxes reduce the cost of debt for firms in countries in which interest payments are tax deductible.+ H# G. ~$ t$ k, P: l- {$ q* A
) j9 d5 u( I8 v9 e i& F: S/ J6 p
答案和详解如下：( o u% F' k2 Z% \/ L" d
|
|
发表于 2015-7-19 10:00:04
