下载APP
首页 > CFA > 试题中心 > 公司金融

"Corporate Finance": Tax adjustment

来源: 正保会计网校 2020-10-29
普通

学习是一个不断积累的过程,每天学习一点,每天进步一点!为了帮助大家更高效地备考2021年CFA考试,正保会计网校每日为大家上新CFA习题供大家练习。让网校与您一起高效备考2021年CFA考试,梦想成真!

Questions 1:

The cost of which source of capital most likely requires adjustment for taxes in the calculation of a firm’s weighted average cost of capital?

A、 Common stock

B 、Preferred stock

C、 Bonds

Questions 2:

The optimal capital budget for a firm is best described as occurring when the company’s marginal cost of capital is:

A 、equal to the investment opportunity schedule.

B、 less than the investment opportunity schedule.

C、 greater than the investment opportunity schedule.

View answer resolution
【Answer to question 1】C

【analysis】

C is correct. Bonds are a form of debt that must be adjusted for taxes when calculating the weighted average cost of capital. 

A is incorrect because adjustment for taxes is applicable for the cost of debt and not in the cost of equity. 

B is incorrect because adjustment for taxes is applicable for the cost of debt and not in the cost of equity.

【Answer to question 2】A

【analysis】

A is correct. The optimal capital budget occurs when the marginal cost of capital (MCC) intersects with (is equal to) the investment opportunity schedule (IOS). 

B is incorrect. The optimal capital budget occurs when the marginal cost of capital (MCC) intersects with (is equal to) the investment opportunity schedule (IOS). 

C is incorrect. The optimal capital budget occurs when the marginal cost of capital (MCC) intersects with (is equal to) the investment opportunity schedule (IOS).

成功=时间+方法,自制力是这个等式的保障。世上无天才,高手都是来自刻苦的练习。而人们经常只看到“牛人”闪耀的成绩,其成绩背后无比寂寞的勤奋。小编相信,每天都在勤奋练习,即使是一点点的进步,大家一定可以成为人人称赞的“牛人”。更多CFA考试资讯,点击了解>

今日热搜
热点推荐:
CFA考试课程
CFA面授课程

CFA优享/旗舰面授课程

实时互动 备考无忧

大学生专享点击了解

CFA课程试听

扫码关注公众号
正保金融大讲堂

接收更多考试资讯

扫码找组织

有奖原创征稿
取消
复制链接,粘贴给您的好友

复制链接,在微信、QQ等聊天窗口即可将此信息分享给朋友
客服