新用戶掃碼下載
掃碼下載APP
及時接收最新考試資訊及
備考信息
"Corporate Finance":weighted average cost of capital
學(xué)習(xí)是一個不斷積累的過程，每天學(xué)習(xí)一點，每天進(jìn)步一點！為了幫助大家更高效地備考2021年CFA考試，正保會計網(wǎng)校每日為大家上新CFA習(xí)題供大家練習(xí)。讓網(wǎng)校與您一起高效備考2021年CFA考試，夢想成真！
Questions 1:
A company’s asset beta is 1.2 based on a debt-to-equity ratio (D/E) of 50%. If the company’s tax rate increases, the associated equity beta will most likely:
A、 increase.
B、 decrease.
C 、remain unchanged.
Questions 2:
The following information is available for a company:
● Bonds are priced at par and have an annual coupon rate of 9.2%.
● Preferred stock is priced at $8.18 and pays an annual dividend of $1.35.
● Common equity has a beta of 1.3.
● The risk-free rate is 4% and the market premium is 11%.
● Capital structure: Debt = 30%; Preferred stock = 15%; Common equity =
55%.
● The tax rate is 35%.
The weighted average cost of capital (WACC) for the company is closest to:
A 、11.5%.
B、 14.3%.
C 、13.4%.
View answer resolution
【Answer to question 1】B
【analysis】
B is correct.
If the tax rate increases, then the bracketed term (1 – tax rate) decreases, making the equity beta decrease because the asset beta is unchanged.
A is incorrect because the equity beta decreases.
C is incorrect because the equity beta decreases.
【Answer to question 2】B
【analysis】
成功=時間+方法，自制力是這個等式的保障。世上無天才，高手都是來自刻苦的練習(xí)。而人們經(jīng)常只看到“牛人”閃耀的成績，其成績背后無比寂寞的勤奮。小編相信，每天都在勤奮練習(xí)，即使是一點點的進(jìn)步，大家一定可以成為人人稱贊的“牛人”。
學(xué)員討論（0）
推薦閱讀
特許金融分析師限時免費資料
-
CFA報考指南
-
CFA考試大綱
-
CFA歷年
-
CFA學(xué)習(xí)計劃
-
CFA思維導(dǎo)圖
-
CFA備考建議
新用戶掃碼下載
京公網(wǎng)安備 11010802044457號
