公司财务知到章节答案智慧树2023年北京第二外国语学院

公司财务知到章节测试答案智慧树2023年最新北京第二外国语学院第一章测试

Whichofthefollowingstatementsistrue?（）

参考答案:

Soleproprietorshipsdonothavetopaycorporatetax.

Whichofthefollowingstatementsismostcorrect?（）

参考答案:

Oneadvantageofformingacorporationisthatyouhavelimitedliability.

Whichofthefollowingcouldexplainwhyabusinessmightchoosetoorganizeasacorporationratherthanasasoleproprietorshiporapartnership?（）

参考答案:

Corporationsgenerallyfinditeasiertoraisecapital.

Theprimarygoalofapublicly-ownedfirminterestedinservingitsstockholdersshouldbeto（）

参考答案:

Maximizethestockpricepershare.

Whichofthefollowingstatementsismostcorrect?（）

参考答案:

Statementsaandbarecorrect.

第二章测试

Whichofthefollowingstatementsismostcorrect?(Assumethattherisk-freerateremainsconstant.（）

参考答案:

Ifthemarketriskpremiumincreasesby1percentagepoint,thentherequiredreturnwillincreaseby1percentagepointforastockthathasabetaequalto1.0.

Whichofthefollowingstatementsisincorrect?（）

参考答案:

Theslopeofthesecuritymarketlineismeasuredbybeta.

Whichofthefollowingstatementsismostcorrect?（）

参考答案:

Asecurity’sbetameasuresitsnondiversifiable(systematic,ormarket)riskrelativetothatofanaveragestock.

StockAandStockBbothhaveanexpectedreturnof10percentandastandarddeviationof25percent.StockAhasabetaof0.8andStockBhasabetaof1.2.Thecorrelationcoefficient,r,betweenthetwostocksis0.6.PortfolioPisaportfoliowith50percentinvestedinStockAand50percentinvestedinStockB.Whichofthefollowingstatementsismostcorrect?（）

参考答案:

PortfolioPhasmoremarketriskthanStockAbutlessmarketriskthanStockB

Whichofthefollowingstatementsismostcorrect?（）

参考答案:

Noneofthestatementsaboveiscorrect.

第三章测试

Youhavetheopportunitytobuyaperpetuitythatpays$1,000annually.Yourrequiredrateofreturnonthisinvestmentis15percent.Youshouldbeessentiallyindifferenttobuyingornotbuyingtheinvestmentifitwereofferedatapriceof()

参考答案:

$6,666.67

Ifa5-yearordinaryannuityhasapresentvalueof$1,000,andiftheinterestrateis10percent,whatistheamountofeachannuitypayment?()

参考答案:

$263.80

In1958theaveragetuitionforoneyearatanIvyLeagueschoolwas$1,800.Thirtyyearslater,in1988,theaveragecostwas$13,700.

Whatwasthegrowthrateintuitionoverthe30-yearperiod?()

参考答案:

6%

Whichofthefollowingsecuritieshasthelargestpresentvalue?Assumeinallcasesthattheannualinterestrateis8percentandthattherearenotaxes.()

参考答案:

Apreferredstockissuethatpaysan$800annualdividendinperpetuity.(Assumethatthefirstdividendisreceivedoneyearfromtoday.)

Yourbankaccountpaysanominalinterestrateof6percent,butinterestiscompoundeddaily(ona365-daybasis).Yourplanistodeposit$500intheaccounttoday.Youalsoplantodeposit$1,000intheaccountattheendofeachofthenextthreeyears.Howmuchwillyouhaveintheaccountattheendofthreeyears,aftermakingyourfinaldeposit?()

参考答案:

$3,788

第四章测试

A10-yearbondpaysanannualcoupon.Thebondhasayieldtomaturityof8percent.Thebondcurrentlytradesatapremium--itspriceisabovetheparvalueof$1,000.Whichofthefollowingstatementsismostcorrect?()

参考答案:

Iftheyieldtomaturityremainsat8percent,thenthebond’spricewilldeclineoverthenextyear.

YouareconsideringtwoTreasurybonds.BondAhasa9percentannualcoupon,andBondBhasa6percentannualcoupon.Bothbondshaveayieldtomaturityof7percent.Assumethattheyieldtomaturityisexpectedtoremainat7percent.Whichofthefollowingstatementsismostcorrect?()

参考答案:

Iftheyieldtomaturityremainsat7percent,thepriceofBondAwilldecreaseovertime,butthepriceofBondBwillincreaseovertime.

Iftheyieldtomaturitydecreased1percentagepoint,whichofthefollowingbondswouldhavethelargestpercentageincreaseinvalue?()

参考答案:

A10-yearzerocouponbond.

Whichofthefollowingstatementsismostcorrect?()

参考答案:

Ifacouponbondissellingatpar,itscurrentyieldequalsitsyieldtomaturity.

BondAhasa9percentannualcoupon,whileBondBhasa7percentannualcoupon.Bothbondshavethesamematurity,afacevalueof$1,000,andan8percentyieldtomaturity.Whichofthefollowingstatementsismostcorrect?()

参考答案:

Noneofthestatementsaboveiscorrect.

第五章测试

Iftwoconstantgrowthstockshavethesamerequiredrateofreturnandthesameprice,whichofthefollowingstatementsismostcorrect?()

参考答案:

Thestockwiththehigherdividendyieldwillhavealowerdividendgrowthrate.

Stocksaandbhavethesameprice,butStockahasahigherrequiredrateofreturnthanStockbWhichofthefollowingstatementsismostcorrect?()

参考答案:

IfStockahasalowerdividendyieldthanStockB,itsexpectedcapitalgainsyieldmustbehigherthanStockb’s.

Whichofthefollowingstatementsismostcorrect?()

参考答案:

AnimplicationofthesemistrongformoftheefficientmarketshypothesisisthatyoucannotconsistentlybenefitfromtradingoninformationreportedinTheWallStreetJournal.

Whichofthefollowingstatementsisfalse?()

参考答案:

Goingpublicestablishesatruemarketvalueforthefirmandensuresthataliquidmarketwillalwaysexistforthefirm’sshares.

TheJonesCompanyhasdecidedtoundertakealargeproject.Consequently,thereisaneedforadditionalfunds.Thefinancialmanagerplanstoissuepreferredstockwithaperpetualannualdividendof$5pershareandaparvalueof$30.Iftherequiredreturnonthisstockiscurrently20percent,whatshouldbethestock’smarketvalue?()

参考答案:

$25

第六章测试

Whichofthefollowingstatementsiscorrect?()

参考答案:

Depreciation-generatedfundsareanadditionalsourceofcapitaland,infact,representthelargestsinglesourceoffundsforsomefirms.

InapplyingtheCAPMtoestimatethecostofequitycapital,whichofthefollowingelementsisnotsubjecttodisputeorcontroversy?()

参考答案:

Alloftheabovearesubjecttodispute

Whichofthefollowingstatementsismostcorrect?()

参考答案:

Theweightedaveragecostofcapitalforagivencapitalbudgetlevelisaweightedaverageofthemarginalcostofeachrelevantcapitalcomponentthatmakesupthefirm’stargetcapitalstructure.

Whichofthefollowingstatementsismostcorrect?()

参考答案:

Noneofthestatementsaboveiscorrect.

AllisonEnginesCorporationhasestablishedatargetcapitalstructureof40percentdebtand60percentcommonequity.Thecurrentmarketpriceofthefirm’sstockisP0=$28;itslastdividendwasD0=$2.20,anditsexpecteddividendgrowthrateis6percent.WhatwillAllison’smarginalcostofretainedearnings,ks,be?()

参考答案:

9.7%

第七章测试

Assumethatyouarecomparingtwomutuallyexclusiveprojects.Whichofthefollowingstatementsismostcorrect?()

参考答案:

Therewillbeameaningful(asopposedtoirrelevant)conflictonlyiftheprojects’NPVprofilescross,andeventhen,onlyifthecostofcapitalistotheleftof(orlowerthan)thediscountrateatwhichthecrossoveroccurs.

Whichofthefollowingstatementsisincorrect?()

参考答案:

Assumingaprojecthasnormalcashflows,theNPVwillbepositiveiftheIRRislessthanthecostofcapital.

ProjectJhasthesameinternalrateofreturnasProjectK.Whichofthefollowingstatementsismostcorrect?()

参考答案:

Noneofthestatementsaboveiscorrect.

ProjectXhasaninternalrateofreturnof20percent.ProjectYhasaninternalrateofreturnof15percent.Bothprojectshaveapositivenetpresentvalue.Whichofthefollowingstatementsismostcorrect?()

参考答案:

Noneofthestatementsaboveiscorrect.

Acapitalinvestment’sinternalrateofreturn()

参考答案:

Statementscanddarecorrect.

第八章测试

Whichofthefollowingstatementsismostcorrect?()

参考答案:

Thecapitalstructurethatmaximizesstockpriceisgenerallythecapitalstructurethatalsomaximizesearningspershare.

Whichofthefollowingstatementsaboutcapitalstructuretheoryismostcorrect?()

参考答案:

Statementsaandcarecorrect.

Asageneralrule,thecapitalstructurethat()

参考答案:

Maximizesthepricepershareofcommonstockalsominimizestheweightedaveragecostofcapital.

Whichofthefollowingstatementsismostcorrect?()

参考答案:

Noneofthestatementsaboveiscorrect.

Whichofthefollowing