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0 v0 k& |1 F4 {9 U- w( x G3 OQuestion 771 X0 s8 z4 b4 p4 C
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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:
4 {4 j6 a- [- t9 {A) has board membership in excess of 10 years.
( `1 y6 A% _; E. e3 b( WB) regularly attends meetings.5 [ c1 v% s8 U/ l' R" E1 {
C) has made public statements regarding his ethical positions.
4 E' r9 ^; S" C. |7 @ b" o& AD) has experience on other boards.
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答案和详解如下:
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7 D4 o/ y8 c1 I M/ ?Question 78
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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)?! V( A& c2 D+ e/ v/ j
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A) The dividend exclusion for corporate investments in preferred stock reduces the after-tax cost of preferred stock.
) [) J9 a8 f; f9 XB) The weights in the WACC should be based on the book values of the individual capital components.
8 v- `7 M+ O8 U: A2 t+ XC) The appropriate pre-tax cost of a firm’s new debt is the average coupon rate on the firm’s existing debt.4 s3 r4 c/ V; b y8 `7 F' I9 N# o
D) Taxes reduce the cost of debt for firms in countries in which interest payments are tax deductible.$ }. A$ F2 {2 C$ L" P( S$ V
. m* F; e$ b8 W; w8 t9 y; J& U答案和详解如下:, ?5 Z+ v) t+ L$ I' P% p
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