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$ t! ~! r `5 t5 i* U1 hQuestion 77) U8 K* G1 @, y& a) E
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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:
* W/ z [# [) \7 pA) has board membership in excess of 10 years.5 D3 T3 @% p' [! E& X6 Y* ?
B) regularly attends meetings.5 ~0 j: K! ^9 B
C) has made public statements regarding his ethical positions.
' e) M1 ^6 L5 l# a) LD) has experience on other boards.
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( Z n/ X1 I Y; O# e) D4 u( ^" I答案和详解如下:
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Question 78- `: M8 H! K, Y) h0 E2 x
; |$ d$ G( j! d G9 I7 c) rWhich of the following is most accurate regarding the component costs and component weights in a firm’s weighted average cost of capital (WACC)? x5 A! p' c8 _/ O( z9 {
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A) The dividend exclusion for corporate investments in preferred stock reduces the after-tax cost of preferred stock.
. w m# G5 T: R4 OB) The weights in the WACC should be based on the book values of the individual capital components.+ ~% m( B' e0 Y9 N4 l7 Q6 q$ P
C) The appropriate pre-tax cost of a firm’s new debt is the average coupon rate on the firm’s existing debt.
" [& Q, I; V3 t s: WD) Taxes reduce the cost of debt for firms in countries in which interest payments are tax deductible.& c- Y2 \8 y' l/ R0 X: g
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答案和详解如下:
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