罗斯公司理财试题库全集

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1、Chapter16CapitalStructure:BasicConcepts MultipleChoiceQuestions 1. Theuseofpersonalborrowingtochangetheoverallamountoffinancialleveragetowhichanindividualisexposediscalled: A. homemadeleverage.B. dividendrecapture.C. theweightedaveragecostofcapital.D. privatedebtplace

2、ment.E. personaloffset. 2. Thepropositionthatthevalueofthefirmisindependentofitscapitalstructureiscalled: A. thecapitalassetpricingmodel.B. MMPropositionI.C. MMPropositionII.D. thelawofoneprice.E. theefficientmarketshypothesis. ...3. Thepropositionthatthecostofequityi

3、sapositivelinearfunctionofcapitalstructureiscalled: A. thecapitalassetpricingmodel.B. MMPropositionI.C. MMPropositionII.D. thelawofoneprice.E. theefficientmarketshypothesis. 4. Thetaxsavingsofthefirmderivedfromthedeductibilityofinterestexpenseiscalledthe: A. interestt

4、axshield.B. depreciablebasis.C. financingumbrella.D. currentyield.E. tax-losscarryforwardsavings. ...5. Theunleveredcostofcapitalis: A. thecostofcapitalforafirmwithnoequityinitscapitalstructure.B. thecostofcapitalforafirmwithnodebtinitscapitalstructure.C. theinterestt

5、axshieldtimespretaxnetincome.D. thecostofpreferredstockforafirmwithequalpartsdebtandcommonstockinitscapitalstructure.E. equaltotheprofitmarginforafirmwithsomedebtinitscapitalstructure. 6. Thecostofcapitalforafirm,rWACC,inazerotaxenvironmentis: A. equaltotheexpectedear

6、ningsdividedbymarketvalueoftheunleveredfirm.B. equaltotherateofreturnforthatbusinessriskclass.C. equaltotheoverallrateofreturnrequiredontheleveredfirm.D. isconstantregardlessoftheamountofleverage.E. Alloftheabove. 7. Thedifferencebetweenamarketvaluebalancesheetandaboo

7、kvaluebalancesheetisthatamarketvaluebalancesheet: A. placesassetsontherighthandside.B. placesliabilitiesonthelefthandside.C. doesnotequatetherighthandwiththelefthandside.D. listsitemsintermsofmarketvalues,nothistoricalcosts.E. usesthemarketrateofreturn. ...8. Thefirm'

8、scapitalstructurerefersto: A. thewayafirminvestsitsassets.B. theamountofcapitalinthefirm.C. theamountofdividendsafirmpays.D.