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Question 77
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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:0 J( K5 G) a6 V4 R) D& `
A) has board membership in excess of 10 years.
\. k1 h( O' L8 T9 g! k* b6 @B) regularly attends meetings.
( @$ Q4 [2 r5 E7 p: RC) has made public statements regarding his ethical positions.
" s* D" [ n2 _2 V- lD) has experience on other boards.$ _9 v2 ]" C; @" d8 }9 K$ j- k
( }6 H" W6 a @1 U: x3 v) Q( T" ^答案和详解如下：
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Question 789 N8 A6 x1 y$ N, P- Q2 \; n7 N& ^
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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)?
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' T% Z* H$ [2 [, {# `% h7 FA) The dividend exclusion for corporate investments in preferred stock reduces the after-tax cost of preferred stock.
& F% `4 q. P4 Y3 W' C, x8 UB) The weights in the WACC should be based on the book values of the individual capital components.: T- x% T. A8 V1 c2 p
C) The appropriate pre-tax cost of a firm’s new debt is the average coupon rate on the firm’s existing debt.8 C* ]0 s! o @' i2 e
D) 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：4 X! T1 C( S9 ?1 B
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发表于 2015-7-19 10:00:04
