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$ W; i8 v' A* V! [1 W' |0 y) nQuestion 77& m/ H' e0 p% s ~9 z: X3 G
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When evaluating the qualifications of a board member, which of the following is least likely to be considered a positive factor? The board member:2 n8 p/ {2 A5 R
A) has board membership in excess of 10 years.. E& u6 i) z+ h h0 X5 k- n
B) regularly attends meetings.5 V, p9 z* f h W e, v0 P
C) has made public statements regarding his ethical positions.' R& H/ h( |9 q$ E+ j z
D) has experience on other boards.
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答案和详解如下:
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7 M- @, G& N2 gQuestion 78
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5 ]0 D. a& k1 @( T* w8 oWhich 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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A) The dividend exclusion for corporate investments in preferred stock reduces the after-tax cost of preferred stock.
4 h% B8 V& O! V1 k# x8 q( o5 iB) The weights in the WACC should be based on the book values of the individual capital components.) j. R/ C7 [& E+ Y! b
C) The appropriate pre-tax cost of a firm’s new debt is the average coupon rate on the firm’s existing debt.3 z) T; Y% N! n
D) Taxes reduce the cost of debt for firms in countries in which interest payments are tax deductible.7 A4 V* F- j* M
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答案和详解如下:
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