第5题: [单项选择]An analyst does research about a company's earnings and gathers the following information about the company: ·Earnings per share is $1.20 ·Price-to-earnings ratio is 17 ·Book value per share is $16 ·Market value per share is $18 参考答案:A 答案解析:[解析] 公司回购股票依资金来源可分为两类:一是使用公司的剩余现金进行回购,二是举债进行回购。 当使用剩余现金时,只要多余现金的回报率低于留存收益的资金成本,就会使EPS上升。 当