更多"The following data is regarding the"的相关试题:
[单项选择]Which of the following regarding bond market indexes is FALSE（）
A. There are more bond issues than stocks.
B. The price volatility of bonds is constantly changing due to the influence of maturity and market yield on bond durations.
C. The bond universe is more stable than the stock universe.
[单项选择]The following data applies to LeVeit Company: LeVeit has a target debt-to-equity ratio of 0.5. LeVeit’s bonds are currently yielding 10%. LeVeit is a constant growth firm that just paid a dividend of $ 3.00. LeVeit’s stock sells for $ 31.50 per share. Return on Equity (ROE) is 20%. The dividend payout ratio is 75%. The company’s marginal tax rate is 40%. The company’s weighted after-tax cost of capital is（）
A. 10. 5%.
B. 11.0%.
C. 12.0%.
[单项选择]A company has the following data associated with it: A target capital structure of 10% preferred stock, 50% common equity and 40% debt. Outstanding 20-year annual pay 6% coupon bonds selling for $894. Common stock selling for $45 per share that is expected to grow at 8% and expected to pay a $2 dividend one year from today. Their $100 par preferred stock currently sells for $90 and is earning 5%. The company’s tax rate is 40%. What is the after tax cost of debt capital and after tax cost of preferred stock capital Debt Capital Preferred Stock Capital（）①A. 4.2% 6.3% ②B. 4.5% 5.6% ③C. 4.2% 5.6%
A. ①
B. ②
C. ③
[单项选择]Use the following data for a company leasing a machine with a capital lease: The lease period is ten years. The lease payments are $ 2980.59 at the end of each year. The firm will own the asset at the end of the lease term but the salvage value will be negligible. 8.5 % is the firm’ s incremental borrowing rate. 8% is the implicit lease rate. If the company uses straight-line depreciation, the first year’ s reported lease expense is:（）
A. $ 2635
B. $ 2980
C. $ 3600
[单项选择]The following data applies to the XTC Company: Sales = $1000000 Receivable = $ 260000 Net Income = $ 50000 COGS = $ 800000 Total Assets = $ 800000 Payables = $ 600000 Debt/Equity = 200% Inventory = $ 400000 What is the average collection period, the average inventory processing period, and the payables payment period respectively for XTC Company Average Average Inventory Payables Collection Period Processing Period Payments Period（）①A. 55 days 195 clays 231 days ②B. 95 days 183 clays 274 days ③C. 45 days 45 days 132 clays
A. ①
B. ②
C. ③
[单项选择]Which of the following statements regarding monopolies is FALSE （）
A. Monopolists will try to get favorable treatment from the government called rent seeking.
B. Due to the law of diminishing returns, natural monopolies exhibit an upward sloping average total cost curve.
C. Inefficient producers are able to survive.
[单项选择]Which of the following statements regarding secondary markets is FALSE Secondary markets are important because they provide:（）
A. investors with continuous information.
B. firms with greater access to external capital.
C. regulators with information about market participants.
[单项选择]Which of the following statements regarding primary and secondary markets is FALSE（ ）
A. Secondary market transactions occur between two investors and do not involve the firm that originally issued the security.
B. New issues of government securities can be sold on the primary market.
C. Prevailing market prices are determined by primary market transactions and are used in pricing new issues.
[单项选择]Which of the following statements regarding regulations governing the short-sale process is FALSE （）
A. The short seller must pay a margin equivalent to the prevailing margin requirement when the transaction is made.
B. If dividends are paid on the stock during the short-sale transaction, the short seller must pay dividends to the investor that loaned the stock.
C. The short-sale process must be completed within a 90-day period.
[单项选择]Which of the following statements regarding index funds is least accurate（）
A. One disadvantage of index funds is that they do not provide access to international securities.
B. One advantage of index funds is that they allow for diversification that is typically not available to the average individual investor due to a lack of resources.
C. One might conclude from the efficient market literature that an investor should mimic the market’s performance and minimize costs by buying index funds.
[单项选择]Which of the following statements regarding capital budgeting is correct A firm’s optimal capital budget can be found by moving along its investment opportunity schedule until: （）
A. it exhausts its capital budget.
B. the marginal revenue product is equal to marginal cost.
C. the next project’s return no longer covers the marginal cost of capital.
[单项选择]Which of the following statements regarding survivorship bias in hedge funds is TRUE Survivorship bias tends to: （）
A. understate the performance and overstate the volatility of hedge funds.
B. overstate the performance and understate the volatility of hedge funds.
C. overstate both the performance and volatility of hedge funds.
[单项选择]Which of the following statements regarding depreciation expense in the cash flow statements is TRUE Depreciation is:（）
A. added back to net income when determining CFO using the direct method.
B. added back to net income when determining CFO using the indirect method.
C. considered a cash item.
[单项选择]Which of the following statements regarding forward contracts on T-bills is TRUE（）
A. If short-term yields increase unexpectedly after contract initiation, the short will profit on the contract.
B. There is no default risk on these forwards because T-bills are government-backed.
C. The long will receive a payment at settlement if the discount yield is above the forward yield.
[单项选择]Which of the following statements regarding economic costs is most accurate（）
A. Sunk costs involve setting aside payments to retire long-term debt.
B. In the long run, expected average marginal cost is the most relevant cost to the firm.
C. Fixed costs are not a consideration in the short run operating decision, but must be considered in the long run.
[单项选择]Which of the following statements regarding diminishing marginal returns is most accurate（）
A. As the quantity produced rises, costs begin to rise at a decreasing rate.
B. As the quantity produced falls, costs begin to rise at a decreasing rate.
C. As the quantity produced rises, costs begin to rise at an increasing rate.
[单项选择]Which of the following statements regarding marginal costs (MC) and average variable costs (AVC) is most accurate（）
A. MC = AVC when AVC is at its minimum.
B. MC ＜ AVC when AVC is at its minimum.
C. MC = Average total cost when AVC is at its minimum.
