中山大学财务管理期末试卷(英语)2

PP

考资料网

@@

资料 分享平台

FINANCIAL MANAGEMENT EXAMINATION(2)

Time: 2 Hours Marks:

A. Define and briefly explain each of the following terms (10 points)

1. Free Cash Flow 2. Market Risk

3. Internal Rate of Raturn 4. CAPM 5. Breakeven Analysis

B. Multiple Choice Questions(40 points)

sses can be organized as

A) sole proprietorships

B) partnerships

C) corporations

D) any of the above

d liability is an important feature of:

A) Sole proprietorships

B) Partnerships

C) Corporations

D) All of the above

finance,

A) less than three months

B) less than six months

C) less than one year

D) less than five years

cts of interest between shareholders and managers of

a firm result in:

PP

考资料 网

@@

资料分享平台

A) Principalagent problem

B) Increased agency costs

C) Both A and B

D) None of the above

financial goal of a corporation is to:

A) Maximize sales

B) Maximize profits

C) Maximize the value of the firm for the shareholders

D) Maximize managers' benefits

the

present

value

of

$$480

expected

to

be

received

one

year

from today is $$400,what is the discount rate?

A) 10%

B) 20%

C) 30%

D) None of the above

the present value of a cash flow generated by an initial

investment of $$100,000 is$$120,000, what is the NPV of the

project?

A) $$120,000

B) $$20,000

C) $$100,000

D) None of the above

PP

考资料网

@@

资料分享 平台

are

two

reasons

for

discounting

future

cash

flow.

They

are:

A) A dollar today is worth more than a dollar tomorrow (for

positive interest rates)

B) A safe dollar is worth more than a risky one

C) The value of a dollar is changing all the time

D) A and B above

financial goal of a corporation is to:

A) Minimize stockholder wealth

B) Maximize profit

C) Maximize value of the corporation to the stockholders

D) None of the above

variance or standard deviation is a measure of:

A) Total risk

B) Unique risk

C) Market risk

D) None of the above

the present value of the cash flow X is $$200, and the

present value cash flow Y $$150, than the present value of the

combined cash flow is:

A) $$200

B) $$150

PP

考资料网

@@

资料分享平台

C) $$50

D) $$350

is

the

present

value

of

$$10,000

per

year

perpetuity

at

an interest rate of 5%?

A) $$10,000

B) $$100,000

C) $$200,000

D) None of the above

annuity is defined as

A) Equal cash flows at equal intervals of time forever

B)

Equal

cash

flows

at

equal

intervals

of

time

for

a

specific

period

C) Unequal cash flows at equal intervals of time forever

D) None of the above

14. If

the present annuity

factor

is 3.89,

what

is the present

value annuity factor for anequivalent annuity due if the

interest rate is 9%?

A) 3.57

B) 4.24

C) 3.89

D) None of the above.

value of a common stock today depends on: