[单项选择]Restless. corn has an 8% rate of interest on newly issued bonds. The firm has a return on equity of 13.33% and a dividend payout ratio of 40% ; the last dividend paid was $ 1.50, and the firm’s shares sell for $ 26. The stock’s beta is 1.7, the expected return on the market portfolio is 11%, and the risk-free rate of interest is 6%. If the appropriate risk premium relative to the bond yield is 5% for a dot-corn, estimate Restless. corn’s cost of equity capital using the bond yield plus risk premium (BY+RP), the dividend discount model (DDM) and the capital asset pricing model (CAPM), respectively. The firm is in a 35% marginal tax bracket. BY+RP DDM CAPM （）①A. 10.2% 14.2% 24.7%②B. 10.2% 11.4% 13.5%③C. 13.0% 14.2% 14.5%
A. ①
B. ②
C. ③

[简答题]Official interest rate

[名词解释]Real interest rate

[简答题]Interest in historical methods has arisen less through external challenge to the validity of history as an intellectual discipline and more from internal quarrels among historians themselves.

[填空题]Taiwan’s divorce rate has continued to rise over the past 10 years as more and more married couple have given up on their {{U}} (36) {{/U}} to a life-long relationship. In its most recent demographic (人口学) and social survey, the island’s {{U}} (37) {{/U}} found that the divorce rate in Taiwan has increased by an average of 6.4 per cent {{U}} (38) {{/U}} over the last decade. A {{U}} (39) {{/U}} of 4,379 couples in Taiwan ended their marriages in 1998. This increase of 4,830 over the previous years {{U}} (40) {{/U}} Taiwan’s annual divorce rate 0.2 per cent, making it the {{U}} (41) {{/U}} among all the countries and {{U}} (42) {{/U}} of Asia, officials said. Married couples between 30 and 34 were more likely to divorce than those in any other age group of married people. Among those {{U}} (43) {{/U}}, 2.8 per cent of the men and 23.4 per cent of the women who divorced a husband/wife last year were from this age group. The survey found that {{U}} (44) {{/U}}. Of

[单项选择]Since April 1994, the RMB exchange rate has been determined by__________.
A. the China foreign Exchange Trading System
B. the People’s Bank of China
C. supply and demand as well as trading situations in the China Foreign Exchange Swap Market
D. supply and demand as well as trading situations in the unified interbank foreign exchange market

[单项选择]

Interest Rate Hike Expected This Week
Investors will pace themselves very cautiously this week with all attention focused on the U.S. Federal Reserve for guidance after seeing equity markets retreat last month with concerns over higher interest rates and the economic  (150)  they can cause.
This week, the U.S. central banks will meet, and the interest rates will likely be hiked. This comes  (151)  the Fed has raised them four percentage points over the last two years.
"The market has kind of positioned  (152)  for the Fed raising 25 basis points... because of these fears about inflation," said John Johnston, chief strategist at Royal Securities.

150（）
A. maim
B. malign
C. damage
D. disqualify

[简答题]无抵补利率平价条件(term of uncovered interest-rate parity)