Which three elements are needed to estimate the cost of equity using the dividend growth model?
参考答案(由小熊题库网聘请的专业题库老师提供的解答)
请点击↑↑↑ 查看官方参考答案 按钮
习题解析
请点击 查看官方参考答案 按钮
您可能感兴趣的题目
1 .Which of the following statements concerning crowdfunding is correct?
A It involves either issuing shares or loans to large group of investors B It is only available to unlisted companies C “Reward-based” crowdfunding does not raise any cash for the business D It is particularly appropriate for early stage “seed” finance
2 .Which of the following usually determines the optimal capital structure for anorganisation?
A Maximum degree of financial gearing B Maximum degree of operating gearing C Lowest weighted average cost of capital D Capital structure used by competitors
3 .Which of the following rates is most commonly compared to a project’s internal rate ofreturn to evaluate whether to make an investment?
A Risk-free rate B Accounting Rate of Return C Weighted average cost of capital D Cost of equity
4 .What is the company’s weighted average cost of capital?
A 9.2% B 7.7% C 8.2% D 8.5%
5 .A company has in issue 9% $20 nominal value preference shares. Their current market price is $40 and the company’s tax rate is 30%.What is the company’s cost of preference shares?
A 4.5% B 3.15% C 9.0% D 6.3%
7 .A firm has a share price of $30, a forecast dividend per share after one year of $3 and thereafter an expected growth rate of 10%.What is the firm’s cost of equity?
A 21.1% B 12.2% C 11.0% D 20.0%
8 .A firm has a bank loan with a 10% interest rate. The firm also has in issue 8% preference shares trading at par and has estimated that its cost of ordinary shares is 18%. The firm has a 30% tax rate.What is the weighted average cost of capital if the firm uses a capital structure comprising 50% debt and an even split between preference and ordinary shares?
A 11.50% B 10.00% C 9.40% D 8.05%
9 .A firm’s weighted average cost of capital is minimised when its debt to equity ratio is 4:1.Which of the following statements is most accurate?
A The value of the firm is maximised when it uses more equity than debt B A higher ratio than 4:1 means debt holders will require a lower return C A higher ratio than 4:1 means equity holders will require a higher return D The value of the firm will be maximised if it is 75% debt financed
10 .
A 13.8% B 15.2% C 15.7% D 23.8%
