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Question 77; x$ V- H: w7 y/ _" Q
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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 K5 w- x/ X% _, ~3 m$ v/ @0 lA) has board membership in excess of 10 years.
$ j* E6 M" ]' }) w2 ?! ~7 o6 _B) regularly attends meetings., M4 Z" D$ p0 @. I! h1 _. u
C) has made public statements regarding his ethical positions.7 A* l$ Q- z4 N; l2 ^) n
D) has experience on other boards.: d( U/ C$ p6 R
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答案和详解如下:
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4 Y6 M0 o7 P }5 uQuestion 78
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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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A) The dividend exclusion for corporate investments in preferred stock reduces the after-tax cost of preferred stock.; ~* v- s: X) ?' K
B) The weights in the WACC should be based on the book values of the individual capital components.' q1 ^0 a9 I. N I0 C8 y' N
C) The appropriate pre-tax cost of a firm’s new debt is the average coupon rate on the firm’s existing debt.& s- g2 f8 \5 q
D) Taxes reduce the cost of debt for firms in countries in which interest payments are tax deductible.
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+ z% W3 ^5 D( m% i8 K答案和详解如下:
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