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Question 77
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. M. f1 U% E/ S& c$ D3 L1 a' GWhen evaluating the qualifications of a board member, which of the following is least likely to be considered a positive factor? The board member:
3 x n8 n& I. S5 EA) has board membership in excess of 10 years." A7 ^' m4 T) [ O
B) regularly attends meetings.
+ b; w9 B$ Q# i0 eC) has made public statements regarding his ethical positions.
5 j* J, G: c9 `' iD) has experience on other boards.
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) `2 s. }; @7 j- u ^答案和详解如下：" C, L( l' b* Z) S
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% ~9 l- N6 ^, L% i" V3 m/ P& O8 Y% _Question 78
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0 R, o- G3 [( K5 h1 n4 Y2 @Which 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.
; S+ E! [" u% O9 h1 oB) The weights in the WACC should be based on the book values of the individual capital components.# w f# J) h& S8 ^& O j$ E* n
C) The appropriate pre-tax cost of a firm’s new debt is the average coupon rate on the firm’s existing debt.
4 B# f* k, X/ E( f; l1 iD) Taxes reduce the cost of debt for firms in countries in which interest payments are tax deductible.
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1 X& C$ M2 D) W7 |答案和详解如下：: |6 v6 C, B7 o# t4 x
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发表于 2015-7-19 10:00:04
