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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:
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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) $$100,000
D) None of the above
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are
two
reasons
for
discounting
future
cash
flow.
They
are:
A) A dollar today is
worth more than a dollar tomorrow (for
positive interest rates)
B)
A safe dollar is worth more than a risky one
C) The value of a dollar is changing
all the time
D) A and B above
financial goal of a corporation is to:
A) Minimize stockholder wealth
B) Maximize profit
C)
Maximize value of the corporation to the
stockholders
D) None of the above
variance or standard deviation is a
measure of:
A) Total risk
B)
Unique risk
C) Market risk
D) None of the above
the
present value of the cash flow X is $$200, and the
present value cash flow Y $$150, than
the present value of the
combined cash
flow is:
A) $$200
B) $$150
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C) $$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:
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