更多"An analyst does research about capi"的相关试题:
[单项选择]An analyst does research about capital budgeting and gathers the following information about two independent projects:
| NPV | IRR |
| Project 1 | $121200 | 16.7% |
| Project 2 | $919790 | 13.6% |
If there is no capital rationing and the company's cost of capital is 10.5%, the company should invest in:（）
A. Project 1.
B. Project 2.
C. both Project 1 and Project 2.
[单项选择]An analyst does research about capital structure and gathered the following information about a company:
·Return on assets is 5.0%
·Financial leverage (Total assets/equity) is 2.5
·Beta for the company's stock is 1.5
If the company wants to achieve a growth rate of 10% without changing its capital structure or issuing new equity, the maximum dividend payout ratio for the company would be closest to:
A. 10.0%
B. 12.5%
C. 20.0%
[单项选择]An analyst does research about capital structure. Which of the following is the least appropriate method to estimate the capital structure weights when a company's target capital structure is unknown to analysis
A. Using the book value of capital components.
B. Using industry average capital components.
C. Analyzing trends in capital components to infer the target capital structure.
[单项选择]An analyst does research about capital asset pricing model approach and gathers the following information about a company and the market:
| Equity beta | 1.5 |
| Equity risk premium | 15% |
| Risk-free rate | 3% |
| Before-tax cost of company's debt | 9% |
Using the capital asset pricing model approach, the company's cost of equity capital is closest to:（）
A. 18.0%
B. 21.0%
C. 25.5%
[单项选择]An analyst does research about capital budgeting. A company that has a weighted average cost of capital of 17 percent is considering an independent capital project that has the same risk as the company, an estimated internal rate of return of 19 percent and cash inflows that are expected at equal intervals over the life of the project. If the project is accepted, cash flows associated with the project are received as expected, and the company's weighted average cost of capital remains unchanged over the life of the project, the actual rate of return earned by the project is most likely to be:（）
A. less than 19%.
B. more than 19%.
C. equal to 19%, because the actual cash flows equal the expected cash flows.
[单项选择]An analyst does research about securities market indices and gathers the following information is about a value-weighted index comprised of three non-dividend paying stocks:
| 31 December 2011 | 31 December 2010 |
| Stock | Share price | Outstanding shares | Share price | Outstanding shares |
| 1 | $23.00 | 3400 | $25.50 | 3400 |
| 9 | $19.50 | 6600 | $16.00 | 6600 |
| 3 | $33.00 | 4600 | $20.50 | 9200 |
If the index value on 31 December 2010 was 102.5, the index value on 31 December 2011 is closest to:（）
A. 99.7
B. 96.5
C. 108.8
[单项选择]An analyst does research about future market transactions. The following information relates to futures market transactions for both an investor with a long position and an investor with a short position in the market:
| Initial futures price per contract on Day 0 | $100 |
| Initial margin requirement per contract | $6 |
| Maintenance margin requirement per contract | $4 |
| Number of contracts held by each investor | 10 |
| Settlement price per contract on Day 1 | $103 |
At initiation of the contracts, each investor deposited enough funds to just meet the initial margin requirements. Which of the following statements about the two investors is most accurate The amount of funds that must be deposited on Day 2 by the investor holding the:
A. short position is $10.
B. long position is $30.
C. short position is $30.
[单项选择]An analyst does research about security market line (SML). With respect to the security market line, if an investor's estimated return is below the SML, a security is most likely:（）
A. overvalued.
B. correctly valued.
C. undervalued.
[单项选择]An analyst does research about security market indices and gathers the following information about market-capitalization-weighted index consisting of the shares of three companies:
| Company | Beginning
Share Prices | Ending
Share Prices | Dividends
Per Share | Shares
Outstanding |
|
|
| A | $26 | $21 | $1.60 | 300 |
| B | $51 | $46 | $2.10 | 300 |
| C | $11 | $13 | $3.10 | 400 |
The price retum on the index is closest to:（）
A. -16.55%
B. -8.00%
C. 0.55%
[单项选择]An analyst does research about commodity market. Which of the following is least likely a motivation of investing in commodities（）
A. Commodity markets have lower volatility than the equity markets.
B. Commodities have a positive correlation with the unexpected inflation.
C. Commodities have a negative correlation with the stock and bond retums.
