|
/ f$ D. v9 }- ^7 D3 H# W4 qQuestion 77. Y! p( U) T( G c3 S) E
4 z* K4 {( l! l$ s* c4 o. [. D3 m6 PWhen evaluating the qualifications of a board member, which of the following is least likely to be considered a positive factor? The board member:+ h7 Z, C- c Z. [
A) has board membership in excess of 10 years.: N9 P. U5 Q' n. J
B) regularly attends meetings.
8 y# V- a# ~+ E4 ]% AC) has made public statements regarding his ethical positions.
T4 D3 Q u- U& `$ O0 kD) has experience on other boards.# l2 q0 B4 L+ z
( y) B7 d1 f# e6 `$ }" `# o! d
答案和详解如下:
, x# l' s& y' L$ C) h/ s1 T
, x3 g, a3 S2 F* W9 \! r
% T4 l; p; Z5 C, C' BQuestion 78
% Q a/ n$ i+ j* B! G9 }: }) o, i; R
+ X2 y, `$ d% G$ _' }) d uWhich of the following is most accurate regarding the component costs and component weights in a firm’s weighted average cost of capital (WACC)?
4 i9 t* _. e& ?) y$ r- L
/ s% @9 R& L# k9 ]% `* x, UA) The dividend exclusion for corporate investments in preferred stock reduces the after-tax cost of preferred stock.
3 K" I, b7 {+ c. z5 N: m& S$ _B) The weights in the WACC should be based on the book values of the individual capital components.
2 ]) P' n! ~; ?3 {6 }* ?3 ~C) The appropriate pre-tax cost of a firm’s new debt is the average coupon rate on the firm’s existing debt.
. }' E5 c4 R+ g; r! j3 P% pD) Taxes reduce the cost of debt for firms in countries in which interest payments are tax deductible.3 v. J8 w8 X6 @+ |
, L+ G# G0 ]' A% m D, |答案和详解如下:. ?( Z; d4 X. y9 o
|
|