公司理财精要第十三章题库

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1、Chapter13-LeverageandCapitalStructureChapter13LeverageandCapitalStructure MultipleChoiceQuestions 1. Theuseofborrowingbyanindividualtoadjusthisorheroverallexposuretofinancialleverageisreferredtoas: A. M&MPropositionI.B. capitalrestructuring.C. homemadeleverage.D. M&MPropositionII.E

2、. financialriskmanagement. 2. WhichoneofthefollowingstatementsmatchesM&MPropositionI? A. Thecostofequitycapitalhasapositivelinearrelationshipwithafirm'scapitalstructure.B. Thedividendspaidbyafirmdeterminethefirm'svalue.C. Thecostofequitycapitalvariesinresponsetochangesinafirm'scapi

3、talstructure.D. Thevalueofafirmisindependentofthefirm'scapitalstructure.E. Thevalueofafirmisdependentonthefirm'scapitalstructure. 3. Whichoneofthefollowingstatesthatafirm'scostofequitycapitalisapositivelinearfunctionofthefirm'scapitalstructure? A. StatictheoryofcapitalstructureB. M

4、&MPropositionIC. M&MPropositionIID. HomemadeleveragetheoryE. WACC 4. Whichoneofthefollowingistheequityriskarisingfromthedailyoperationsofafirm? A. StrategicriskB. FinancialriskC. LiquidityriskD. IndustryriskE. Businessrisk 13-76Chapter13-LeverageandCapitalStructure5. Whichoneofthef

5、ollowingistheequityriskarisingfromthecapitalstructureselectedbyafirm? A. StrategicriskB. FinancialriskC. LiquidityriskD. IndustryriskE. Businessrisk 6. Payinginterestreducesthetaxesowedbyafirm.Whichoneofthefollowingtermsappliestothisrelationship? A. StatictheoryofinterestratesB. M&

6、MPropositionIC. FinancialriskD. InteresttaxshieldE. Homemadeleverage 7. Whichoneofthefollowingisadirectbankruptcycost? A. LossofcustomergoodwillresultingfromabankruptcyfilingB. LegalandaccountingfeesrelatedtoabankruptcyproceedingC. ManagementtimespentonabankruptcyproceedingD. Anyfi

7、nancialdistresscostE. Costsafirmspendstryingtoavoidbankruptcy 8. Whichoneofthefollowingtermsappliestothecostsincurredbyafirmwhichistryingtoavoidfilingforbankruptcy? A. IndirectbankruptcycostsB. DirectbankruptcycostsC. StatictheorycostD. OptimalcapitalstructurecostE. Reorganizationc

8、osts 13-76Chapter13-Levera