题目 Consider two companies that operate in the same line of business and have the same degree of operating leverage: the Basic Company and the Grundlegend Company. The Basic Company and the [...]
题目 Two years ago, a company issued $20 million in long-term bonds at par value with a coupon rate of 9 percent. The company has decided to issue an additional $20 million in bonds and expects the [...]
题目 Which of the following is least accurate with respect to debt–equity conflicts? 选项 A.Equityholders focus on potential upside and downside, while debtholders focus primarily on downside [...]
题目 Happy Resorts Company currently has 1.2 million common shares of stock outstanding and the stock has a beta of 2.2. It also has $10 million face value of bonds that have five years remaining [...]
题目 Fran McClure of Alba Advisers is estimating the cost of capital of Frontier Corporation as part of her vaIuation analysis of Frontier. McClure will be using this estimate, along with projected [...]
题目 SOA Company needs to raise 75 million, in local currency, for substantial new investments next year. Specific details, all in local currency, are as follows: Investments of 10 million in [...]
题目 Which of the following represents a responsibility of a company’s board of directors? 选项 A.Implementation of strategy B.Enterprise risk management C.Considering the interests of [...]
题目 The cost of debt can be determined using the yield-to-maturity and the bond rating approaches. If the bond rating approach is used, the: 选项 A.coupon is the yield. B.yield is based on the [...]
题目 Which of the following mature companies is most likely to employ a high proportion of debt in its capital structure? 选项 A.A mining company with a large, fixed asset base B.A software [...]
题目 Two analysts are discussing the costs of external financing sources. The first states that the company’s bonds have a known interest rate but that the interest rate on accounts payable and [...]
