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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:1 Z2 P1 r, ~% z9 N9 b( q- Z' g
A) has board membership in excess of 10 years.
n9 t( U5 D$ t2 f/ I5 x' hB) regularly attends meetings.; N3 `' `# g& ]. {* \0 z" i
C) has made public statements regarding his ethical positions.
n/ O% W, J: T( V! RD) has experience on other boards.
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答案和详解如下:
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Question 78' q! @ K2 E2 |
- t1 L6 Y8 d, w- I* e8 iWhich 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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: U; D+ {6 H+ h6 J/ b+ HA) The dividend exclusion for corporate investments in preferred stock reduces the after-tax cost of preferred stock.
* V+ \7 E- ^/ Q/ E. z UB) The weights in the WACC should be based on the book values of the individual capital components.
5 s/ G- o) p. O& m" P" ]C) The appropriate pre-tax cost of a firm’s new debt is the average coupon rate on the firm’s existing debt.
+ p, @8 p+ r+ z4 JD) Taxes reduce the cost of debt for firms in countries in which interest payments are tax deductible.
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4 \+ }' |0 v' e: O答案和详解如下:: d/ J5 i* T, ^1 @! Q: ~
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