CHAPTER_20_HYBRID_FINANCING_PREFERRED_STOCK_WARRANTS_AND_CONVERTIBLES

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1、CHAPTER20—HYBRIDFINANCING:PREFERREDSTOCK,WARRANTS,ANDCONVERTIBLES1. The"preferred"featureofpreferredstockmeansthatitnormallywillprovideahigherexpectedreturnthanwillcommonstock. a. True b. FalseANSWER:  FalsePOINTS:  1DIFFICULTY:  Difficulty:EasyLEARNING OBJECTIVES:  INTE.GENE.16.

2、126-LO:20-1NATIONAL STANDARDS:  UnitedStates-BUSPROG:ReflectiveThinkingSTATE STANDARDS:  UnitedStates-AK-DISC:Investmentsandhybridfin-DISC:InvestmentsandhybridfinancingLOCAL STANDARDS:  UnitedStates-OH-DefaultCity-TBATOPICS:  PreferredstockKEYWORDS:  Bloom’s:Knowledge2. Unlikebon

3、ds,thecostofpreferredstocktotheissuingfirmisthesameonabefore-taxandafter-taxbasis.Thisisbecausedividendsonpreferredstockarenottaxdeductible,whereasinterestonbondsisdeductible. a. True b. FalseANSWER:  TruePOINTS:  1DIFFICULTY:  Difficulty:EasyLEARNING OBJECTIVES:  INTE.GENE.16.12

4、6-LO:20-1NATIONAL STANDARDS:  UnitedStates-BUSPROG:ReflectiveThinkingSTATE STANDARDS:  UnitedStates-AK-DISC:Investmentsandhybridfin-DISC:InvestmentsandhybridfinancingLOCAL STANDARDS:  UnitedStates-OH-DefaultCity-TBATOPICS:  CostofpreferredstockKEYWORDS:  Bloom’s:Knowledge3. Awarr

5、antisanoption,andassuchitcannotbeusedasa"sweetener." a. True b. FalseANSWER:  FalsePOINTS:  1DIFFICULTY:  Difficulty:EasyLEARNING OBJECTIVES:  INTE.GENE.16.127-LO:20-2NATIONAL STANDARDS:  UnitedStates-BUSPROG:ReflectiveThinkingSTATE STANDARDS:  UnitedStates-AK-DISC:Investmentsand

6、hybridfin-DISC:InvestmentsandhybridfinancingLOCAL STANDARDS:  UnitedStates-OH-DefaultCity-TBATOPICS:  WarrantsKEYWORDS:  Bloom’s:KnowledgeCengageLearningTesting,PoweredbyCogneroPage 14CHAPTER20—HYBRIDFINANCING:PREFERREDSTOCK,WARRANTS,ANDCONVERTIBLES4. Awarrantholderisnotentitledt

7、ovote,butheorshedoesreceiveanycashdividendspaidontheunderlyingstock. a. True b. FalseANSWER:  FalsePOINTS:  1DIFFICULTY:  Difficulty:EasyLEARNING OBJECTIVES:  INTE.GENE.16.127-LO:20-2NATIONAL STANDARDS:  UnitedStates-BUSPROG:ReflectiveThinkingSTATE STANDARDS:  UnitedStates-AK-DIS

8、C:Investmentsandhybridfin-DISC:Investmen