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Question 77$ b+ E" a; ~) v7 Y: p
- g, C4 V1 k2 h8 B8 A" w/ LWhen evaluating the qualifications of a board member, which of the following is least likely to be considered a positive factor? The board member:( m y- h1 G7 _ m8 Q
A) has board membership in excess of 10 years.1 Z4 j: H+ k# U
B) regularly attends meetings.) O4 ^0 Y3 v. T% O" A* U7 P
C) has made public statements regarding his ethical positions.
4 j0 T3 Q1 \- }5 QD) has experience on other boards.
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答案和详解如下:
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$ ] y0 W% Z' @+ cQuestion 78
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# Y: N) r" _+ H& ?& Z1 X% KWhich 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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4 ^1 K* \8 @ X6 mA) The dividend exclusion for corporate investments in preferred stock reduces the after-tax cost of preferred stock.
4 x& C: F7 k( c9 a% ^- wB) The weights in the WACC should be based on the book values of the individual capital components.
$ v) N7 f$ _9 A. T( _C) The appropriate pre-tax cost of a firm’s new debt is the average coupon rate on the firm’s existing debt.
1 @! D5 v2 Q2 p! K# ~$ nD) 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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