罗斯公司理财题库cha

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1、.Chapter16CapitalStructure:BasicConcepts MultipleChoiceQuestions 1. Theuseofpersonalborrowingtochangetheoverallamountoffinancialleveragetowhichanindividualisexposediscalled: A. homemadeleverage.B. dividendrecapture.C. theweightedaveragecostofcapital.D. privatedebtplacement.E. personaloffset. 2.

2、 Thepropositionthatthevalueofthefirmisindependentofitscapitalstructureiscalled: A. thecapitalassetpricingmodel.B. MMPropositionI.C. MMPropositionII.D. thelawofoneprice.E. theefficientmarketshypothesis. 3. Thepropositionthatthecostofequityisapositivelinearfunctionofcapitalstructureiscalled: A. t

3、hecapitalassetpricingmodel.B. MMPropositionI.C. MMPropositionII.D. thelawofoneprice.E. theefficientmarketshypothesis. 4. Thetaxsavingsofthefirmderivedfromthedeductibilityofinterestexpenseiscalledthe: A. interesttaxshield.B. depreciablebasis.C. financingumbrella.D. currentyield.E. tax-losscarryf

4、orwardsavings. word资料.5. Theunleveredcostofcapitalis: A. thecostofcapitalforafirmwithnoequityinitscapitalstructure.B. thecostofcapitalforafirmwithnodebtinitscapitalstructure.C. theinteresttaxshieldtimespretaxnetincome.D. thecostofpreferredstockforafirmwithequalpartsdebtandcommonstockinitscapita

5、lstructure.E. equaltotheprofitmarginforafirmwithsomedebtinitscapitalstructure. 6. Thecostofcapitalforafirm,rWACC,inazerotaxenvironmentis: A. equaltotheexpectedearningsdividedbymarketvalueoftheunleveredfirm.B. equaltotherateofreturnforthatbusinessriskclass.C. equaltotheoverallrateofreturnrequire

6、dontheleveredfirm.D. isconstantregardlessoftheamountofleverage.E. Alloftheabove. 7. Thedifferencebetweenamarketvaluebalancesheetandabookvaluebalancesheetisthatamarketvaluebalancesheet: A. placesassetsontherighthandside.B. placesliabilitiesonthelefthandside.C. doesnotequatetherighthandwiththelef

7、thandside.D. listsitemsintermsofmarketvalues,nothistoricalcosts.E. usesthemarketrateofreturn. 8. Thefirm'scapitalstructurerefersto: A. thewayafirminvestsitsassets.B. theamountofcapitalinthefirm.C. theamountofdividendsafirmpays.D.