Which of the following statements is/are correct regarding corporate debt and equitysecurities?(1) Both debt and equity holders have an ownership interest in the company.(2) Both debt and equity securities have an obligation to pay income.
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A 7% B 6.75% C 6.54% D 4%
2 .下列关于《基本规范》要求企业建立内部控制体系时应符合的目标的说法中,正确的有( )。
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A Increased financial flexibility B The reduction in profit before tax C Decreased financial risk D The reduction of shareholders’ control over the company
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A To cause the firm’s share price to rise B To lower the company’s credit rating C To reduce issue costs D To reduce the coupon rate
5 .Bander Co is determining how to finance some long-term projects. Bander has decided that itprefers the flexibility of no fixed servicing cost, no fixed maturity date and an increase in thecredit rating of the company.Which of the following would best meet Bander’s financing requirements?
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7 .Which of the following types of bonds is most likely to maintain a constant marketvalue?
A Zero-coupon B Floating-rate C Irredeemable D Convertible
8 .A company currently has 1,000 ordinary shares in issue and no debt. It has the choice ofraising an additional $100,000 by issuing 9% long-term debt, or issuing 500 ordinary shares.The company has a 40% tax rate.What level of earnings before interest and taxes (EBIT) would result in the sameearnings per share (EPS) for the two financing options?
A $27,000 B $21,000 C $18,000 D $10,800
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A $2,500,000 B $4,000,000 C $5,000,000 D $7,000,000
10 .Which of the following may be regarded as an advantage to existing shareholders oflisting the firm on a major stock market?
A Reduced disclosure requirements B Larger dividends can be paid C Shares become more marketable D Reduced risk of takeover
