CHAPTER_17_DYNAMIC_CAPITAL_STRUCTURES_AND_CORPORATE_VALUATION

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1、CHAPTER17—DYNAMICCAPITALSTRUCTURESANDCORPORATEVALUATION1. Inaworldwithnotaxes,MMshowthatafirm'scapitalstructuredoesnotaffectthefirm'svalue.However,whentaxesareconsidered,MMshowapositiverelationshipbetweendebtandvalue,i.e.,itsvaluerisesasitsdebtisincre

2、ased. a. True b. FalseANSWER:  TruePOINTS:  1DIFFICULTY:  Difficulty:EasyLEARNING OBJECTIVES:  INTE.GENE.16.110-LO:17-2NATIONAL STANDARDS:  UnitedStates-BUSPROG:ReflectiveThinkingSTATE STANDARDS:  UnitedStates-AK-DISC:CapitalstructureLOCAL STANDARDS: 

3、 UnitedStates-OH-DefaultCity-TBATOPICS:  TaxesandcapitalstructureKEYWORDS:  Bloom’s:Knowledge2. AccordingtoMM,inaworldwithouttaxestheoptimalcapitalstructureforafirmisapproximately100%debtfinancing. a. True b. FalseANSWER:  FalsePOINTS:  1DIFFICULTY:  

4、Difficulty:EasyLEARNING OBJECTIVES:  INTE.GENE.16.110-LO:17-2NATIONAL STANDARDS:  UnitedStates-BUSPROG:ReflectiveThinkingSTATE STANDARDS:  UnitedStates-AK-DISC:CapitalstructureLOCAL STANDARDS:  UnitedStates-OH-DefaultCity-TBATOPICS:  Taxesandcapitalst

5、ructureKEYWORDS:  Bloom’s:Knowledge3. MMshowedthatinaworldwithtaxes,afirm'soptimalcapitalstructurewouldbealmost100%debt. a. True b. FalseANSWER:  TruePOINTS:  1DIFFICULTY:  Difficulty:EasyLEARNING OBJECTIVES:  INTE.GENE.16.110-LO:17-2NATIONAL STANDARD

6、S:  UnitedStates-BUSPROG:ReflectiveThinkingSTATE STANDARDS:  UnitedStates-AK-DISC:CapitalstructureLOCAL STANDARDS:  UnitedStates-OH-DefaultCity-TBATOPICS:  MMmodelsKEYWORDS:  Bloom’s:Knowledge4. MMshowedthatinaworldwithouttaxes,afirm'svalueisnotaffect

7、edbyitscapitalstructure. a. True b. FalseCengageLearningTesting,PoweredbyCogneroPage 13CHAPTER17—DYNAMICCAPITALSTRUCTURESANDCORPORATEVALUATIONANSWER:  TruePOINTS:  1DIFFICULTY:  Difficulty:EasyLEARNING OBJECTIVES:  INTE.GENE.16.110-LO:17-2NATIONAL STA

8、NDARDS:  UnitedStates-BUSPROG:ReflectiveThinkingSTATE STANDARDS:  UnitedStates-AK-DISC:CapitalstructureLOCAL STANDARDS:  UnitedStates-OH-DefaultCity-TBATOPICS:  MMmodelsKEYWORDS:  Bloom’s:Knowledge5. TheMillermodelbeginswiththeMMmodelwithtaxes