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发布时间:2024-04-29 02:39:04

[单选题]Assume you graph a project's net present value given various sales quantities. Which one of the following is correct regarding the resulting function?
A. The steepness of the function relates to the project's degree of operating leverage.
B. The steeper the function, the less sensitive the project is to changes in the sales quantity.
C. The resulting function will be a hyperbole.
D. The resulting function will include only positive values.
E. The slope of the function measures the sensitivity of the net present value to a change in sales quantity.
Difficulty: 1 Easy
Topic: Sensitivity analysis
Learning Objective: 11-01 Perform and interpret a sensitivity analysis for a proposed investment.

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[单选题]If a project has a net present value equal to zero, then:
A. the total of the cash inflows must equal the initial cost of the project.
B. the project earns a return exactly equal to the discount rate.
C. a decrease in the project's initial cost will cause the project to have a negative NPV.
D. any delay in receiving the projected cash inflows will cause the project to have a positive NPV.
E. the project's PI must also be equal to zero.
Difficulty: 1 Easy
Topic: Net present value
Learning Objective: 09-01 Show the reasons why the net present value criterion is the best way to evaluate proposed investments.
[单选题]A project has a net present value of zero. Which one of the following best describes this project?
A. The project has a zero percent rate of return.
B. The project requires no initial cash investment.
C. The project has no cash flows.
D. The summation of all of the project's cash flows is zero.
E. The project's cash inflows equal its cash outflows in current dollar terms.
Difficulty: 1 Easy
Topic: Net present value
Learning Objective: 09-01 Show the reasons why the net present value criterion is the best way to evaluate proposed investments.
[单选题]The net present value of a project will increase if:
A. the required rate of return increases.
B. the initial capital requirement increases.
C. some of the cash inflows are deferred until a later year.
D. the aftertax salvage value of the fixed assets increases.
E. the final cash inflow decreases.
Difficulty: 1 Easy
Topic: Net present value
Learning Objective: 09-01 Show the reasons why the net present value criterion is the best way to evaluate proposed investments.
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A.正确
B.错误
[单选题] The nearer a bond's price is to its par value and the longer the maturity of the bond, the more closely the ________ approximates the ________.
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[单选题] Consider Figure 9.1. Assume Venture Company's formation yields new cost reductions, indicated by MC1=AC1, which result from changes in work rules by Venture Company employees that led to higher worker productivity. The net effect of Venture Company's formation on the welfare of the domestic economy is:
A. No change
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[单选题]Assume that last year T-bills returned 2.8 percent while your investment in large-company stocks earned an average of 7.6 percent. Which one of the following terms refers to the difference between these two rates of return?
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Difficulty: 1 Easy
Topic: Risk premium
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D. would be unaffected if the dividend discount model were applied instead.
E. will be unaffected by changes in overall market risks.
Difficulty: 1 Easy
Topic: Cost of equity
Learning Objective: 14-01 Determine a firm's cost of equity capital.
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