C22050S 资本成本
【第一部分 单项选择】
1:You are trying to estimate the Weighted Average Cost of Capital (WACC) of Company C. You’ve calculated Company C’s cost of equity using the CAPM formula, and estimate it to be 12.0%. Company C’s bonds yield 6.0%. The effective tax rate of Company C is 40%. Company C has a market value of equity of $60 million, and its only other long term debt, its bonds, have a market value of $40 million. What is Company C’s WACC?
您正在尝试估算C公司的加权平均资本成本（WACC）。您使用CAPM公式计算了公司C的权益成本，并估计为12.0％。 公司C的债券收益率为6.0％。 C公司的有效税率为40％。 C公司的股权市值为6000万美元，其唯一的其他长期债券，其债券，市值为4000万美元。 什么是C公司的WACC？ A
A.8.64%
B.10.32%
C.9.87%
D.9.89%
2:You are trying to estimate the cost of equity capital demanded by the shareholders of Company D. Company D’s stock has a Beta of 1.9. The current risk free rate is 2.0%. What is the most likely cost of equity capital of Company D using the Capital Asset Pricing Model?
您正在尝试估算公司D股东所要求的股权资本成本。公司D的股票的Beta为1.9。 目前的无风险利率为2.0％。 使用资本资产定价模型的D公司股权资本最有可能成本是多少？ 添加微信查看全部答案
A.9.9%
B.12.0%
C.13.4%
D.13.4%
【第二部分 多项选择】
1:Which of the following statements about equity are correct?
以下哪些买描述是正确的？ 添加微信查看全部答案
A.Equityrepresentsownership股权代表所有权
B.Nocontractualobligationtopaydividendsorreturncapital没有合同义务支付股息或返还资本
C.Contractualobligationtopaydividendsandreturncapital按约定的合同义务支付利息和返还资本
D.Hasaseniorclaimtotheassetsofacompany对公司的资产有优先主张
2:Which of the followings are costs of capital?
以下哪些属于资本成本 ？ 添加微信查看全部答案
A.Loaninterest贷款利息
B.Bondinterest债券利息
C.Dividend股息
D.Bondissuingexpense债券发行费
【第三部分 判断题】
1:Determine the optimal balance of performance measures that will maximize overall free cash flow.
确定最佳平衡的业绩措施，将最大限度地提高整体自由现金流。 添加微信查看全部答案
对 错
2:Cost of debt rises with perceived risk.
风险上升，债务成本随之上升。 对
对 错
3:Interest expense is tax deductible, thus reducing cost to the borrower.
利息费用可以抵税，从而降低了借款人的成本。 添加微信查看全部答案
对 错
