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1、长期筹资决策(Longtermfinancingdecision)Thesixthchapter:longtermfinancingdecisionOnequestion1.amongthefollowingfinancingmethods,thehighestcostis:0A.issueordinarysharesB.issuebondsC.issuepreferredsharesD.longtermborrowing2.thecommonstockpriceis10.50yuan,thefinanci
2、ngcostis0.50yuanpershare,thedividendpaymentis1.50yuanperyear,andthedividendgrowthrateis5%.Thecostofthecommonstockisclosestto:()A.10.5%B.15%C.19%D.20%3.aboutthecostofcapital,thefollowingstatementiscorrect:Acapitalcostequalstheratiooffinancingcosttocapitalex
3、penditureandtheamountoffinancingBbondshavelowerfinancingcoststhanstocks,higherthanbankborrowingsCusesretainedearningswithoutexternalfinancing,sothereisnocapitalcostDshareshavehighfinancingcostsandlowcapitalcosts1.themoredebts:ThegreaterthefinancialriskofAe
4、nterprisesisBenterprisescannotleveragefinancialleverageCcanimprovethecreditabilityoftheenterpriseDenterpriseshavestrongerabilitytoborrowagain2.inthecalculationofindividualcapitalcost,itisunnecessarytoconsiderthefactorsthatinfluencethecostoffinancing:Abondc
5、ostBretainedearningscostCcommonstockcostDpreferredstockcost1.whenthefixedcostremainsunchanged,thegreaterthesalesvolumeisThesmallertheleveragecoefficientofA.is,thegreatertheoperatingriskisThegreatertheleveragecoefficientofB.,thegreatertheoperatingriskThesma
6、llertheleveragecoefficientofC.is,thesmallertheoperatingriskisThegreatertheleveragecoefficientofD.,thesmallertheoperatingrisk2.,acompanyoperatingleveragecoefficientis2,thefinancialleveragecoefficientis1.5,ifthecurrentsalesof5millionyuan,earningspershareof1y
7、uan,thenifsalesdoubled,earningspersharewillincreaseto()A.1.5yuan/shareB.2yuan/shareC.3yuan/shareD.3.5yuan/share1.thetotalcapitalofacompanyis1million500thousandyuan,theequitycapitalaccountsfor55%,thedebtinterestrateis12%,thesalesvolumeis1millionyuan,andthep
8、rofitbeforetaxis200thousandyuan,thenthefinancialleveragecoefficientis()A.1.45B.1.68C.1.9D.2.52.generallyspeaking,whentheprofitbeforetaxisexpectedtobegreaterthanthatofearningspershare,then(())A.additionaldebtf
