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Question 77$ W9 y: B$ k# r- O8 u9 }% F
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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:
! u) c' V& U# h2 }, zA) has board membership in excess of 10 years.
/ a1 e; |$ e T& gB) regularly attends meetings.7 s! x6 j* t/ B9 Q9 ^# G; B0 h1 e
C) has made public statements regarding his ethical positions.
+ z" F: W9 } }- g0 L6 e0 B) ^! [9 cD) has experience on other boards.9 S s/ X8 ?% Y7 e7 \* R7 j1 t
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答案和详解如下：
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& S7 m o7 d8 h9 xQuestion 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)?3 {7 H# V/ v3 v9 O$ N7 T9 e8 Z
/ i( P& ?: w9 ^9 o1 `! }$ pA) The dividend exclusion for corporate investments in preferred stock reduces the after-tax cost of preferred stock.9 `' |5 ], d' u4 l: T- ]% `& i" Q
B) The weights in the WACC should be based on the book values of the individual capital components.* n7 @/ R! e+ Q+ P3 U
C) The appropriate pre-tax cost of a firm’s new debt is the average coupon rate on the firm’s existing debt.
! t+ b1 U$ O6 c" j$ B* TD) Taxes reduce the cost of debt for firms in countries in which interest payments are tax deductible." p( z! O# _/ Y( |2 s9 j
i2 {; P/ O5 h- k5 r答案和详解如下：# R1 b2 t5 |% r2 q' d5 z5 q
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发表于 2015-7-19 10:00:04
