题目 Which of the following issues discussed at a shareholders’ general meeting would most likely require only a simple majority vote for approval? 选项 A.Voting on a merger B.Election of [...]
题目 If investors have homogeneous expectations, the market is efficient, and there are no taxes, no transaction costs, and no bankruptcy costs, Modigliani and Miller’s Proposition I states that: [...]
题目 Morgan Insurance Ltd. issued a fixed-rate perpetual preferred stock three years ago and placed it privately with institutional investors. The stock was issued at $25 per share with a $1.75 [...]
题目 Which of the following stakeholders are least likely to be positively affected by increasing the proportion of debt in the capital structure? 选项 A.Senior management B.Non-management [...]
题目 A financial analyst at Buckco Ltd. wants to compute the company's weighted average cost of capital (WACC) using the dividend discount model. The analyst has gathered the following [...]
题目 The Gearing Company has an after-tax cost of debt capital of 4 percent, a cost of preferred stock of 8 percent, a cost of equity capital of 10 percent, and a weighted average cost of capital [...]
题目 Whichof the following is least likely tobe true with respect to optimal capital structure? 选项 A.The optimal capital structure minimizes WACC. B.The optimal capital structure is generally [...]
题目 SebCoe plc, a British firm, is evaluating an investment in a £50 million project that will be financed with 50% debt and 50% equity. Management has already determined that the NPV of this [...]
题目 Brandon Wiene is a financial analyst covering the beverage industry. He is evaluating the impact of DEF Beverage's new product line of flavored waters. DEF currently has a debt-to-equity ratio [...]
题目 Which of the following is true of the growth stage in a company’s development? 选项 A.Cash flow is negative, by definition, with investment outlays exceeding cash flow from operations. [...]