FM11_Ch_06_Test_Bank
52 Pages

FM11_Ch_06_Test_Bank

Course Number: FIN 332, Fall 2007

College/University: CSU Fullerton

Word Count: 17054

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CHAPTER 6 BONDS AND THEIR VALUATION (Difficulty: E = Easy, M = Medium, and T = Tough) True-False Easy: Discounted cash flows Answer: b Diff: E 1. The market value of any real or financial asset, including stocks, bonds, or art work, may be found by determining future cash flows and then discounting them back to the present. a. True b. False Issuing bonds Answer: b Diff: E 2. If a firm raises capital by selling...

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CHAPTER 6 BONDS AND THEIR VALUATION (Difficulty: E = Easy, M = Medium, and T = Tough) True-False Easy: Discounted cash flows Answer: b Diff: E 1 . The market value of any real or financial asset, including stocks, bonds, or art work, may be found by determining future cash flows and then discounting them back to the present. a. True b. False Issuing bonds Answer: b Diff: E 2 . If a firm raises capital by selling new bonds, the buyer is called the "issuing firm," and the coupon rate is generally set equal to the required rate. a. True b. False Interest rate risk Answer: b Diff: E 3 . A 20-year original maturity bond with 1 year left to maturity has more interest rate risk than a 10-year original maturity bond with 1 year left to maturity. (Assume that the bonds have equal default risk and equal coupon rates.) a. True b. False Interest rate risk Answer: b Diff: E 4 . Because short-term interest rates are much more volatile than long-term rates, you would, in the real world, be subject to much more interest

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CSU Fullerton - FIN - 332
CHAPTER 7 STOCKS AND THEIR VALUATION(Difficulty: E = Easy, M = Medium, and T = Tough)True-False Easy:Total stock returns Answer: b Diff: E 1. The total return on a share of stock refers to the dividend yield less any commissions paid when the sto
CSU Fullerton - FIN - 332
CHAPTER 8 FINANCIAL OPTIONS AND THEIR VALUATION(Difficulty: E = Easy, M = Medium, T = Tough)True-False Easy:Options 1. Answer: a Diff: EAn option is a contract which gives its holder the right to buy or sell an asset at a predetermined price wi
CSU Fullerton - FIN - 332
CHAPTER 9 THE COST OF CAPITAL(Difficulty: E = Easy, M = Medium, and T = Tough)True-False Easy:Capital Answer: a 1. Capital can be defined as the funds supplied by investors. a. True b. False Component costs of capital Answer: a Diff: E 2. The com
CSU Fullerton - FIN - 332
CHAPTER 10 THE BASICS OF CAPITAL BUDGETING: EVALUATING CASH FLOWS(Difficulty: E = Easy, M = Medium, and T = Tough)True-False Easy:Capital budget Answer: b Diff: E 1. A firm should never undertake an investment if accepting the project would cause
CSU Fullerton - FIN - 332
CHAPTER 13 ANALYSIS OF FINANCIAL STATEMENTS(Difficulty: E = Easy, M = Medium, and T = Tough)True-False Easy:Ratio analysis 1. Answer: a Diff: ERatio analysis involves a comparison of the relationships between financial statement accounts so as
CSU Fullerton - FIN - 332
CHAPTER 14 FINANCIAL PLANNING AND FORECASTING PRO FORMA FINANCIAL STATEMENTS(Difficulty: E = Easy, M = Medium,True-False Easy:Sales forecast 1. Answer: a Diff: EA typical sales forecast, though concerned with future events, will usually be base
CSU Fullerton - FIN - 332
CHAPTER 15 CORPORATE VALUATION, VALUE-BASED MANAGEMENT, AND CORPORATE GOVERNANCE(Difficulty: E = Easy, M = Medium, and T = Tough)True-False Easy:Corporate valuation model 1. Answer: b Diff: EThe corporate valuation model cannot be used for a co
CSU Fullerton - FIN - 332
CHAPTER 16 CAPITAL STRUCTURE DECISIONS: THE BASICS(Difficulty: E = Easy, M = Medium, T = Tough)True-False Easy:Bankruptcy costs 1. Answer: a Diff: EBecause creditors can foresee, to at least some extent, the costs of bankruptcy, they charge a h
CSU Fullerton - FIN - 332
CHAPTER 17 CAPITAL STRUCTURE DECISIONS: EXTENSIONS(Difficulty: E = Easy, M = Medium, T = Tough)True-False Easy:Taxes and capital structure 1. Answer: a Diff: EIn a world with no taxes, MM show that the capital structure of a firm does not affec
CSU Fullerton - FIN - 332
CHAPTER 18 DISTRIBUTIONS TO SHARHOLDERS: DIVIDENDS AND REPURCHASES(Difficulty: E = Easy, M = Medium, and T = Tough)True-False Easy:Optimal distribution policy 1. Answer: a Diff: EThe optimal distribution policy for a firm strikes a balance betw
CSU Fullerton - FIN - 332
CHAPTER 19 INITIAL PUBLIC OFFERINGS, INVESTMENT BANKING, AND FINANCIAL RESTRUCTURING(Difficulty: E = Easy, M = Medium, and T = Tough)True-False Medium:Going public 1. Answer: b Diff: MGoing public establishes a true market value for the firm an
CSU Fullerton - FIN - 332
CHAPTER 20 LEASE FINANCING(Difficulty: E = Easy, M = Medium, and T = Tough)True-False Easy:Types of leases 1. Answer: a Diff: EMany leases written today combine the features of operating and financial leases. Such leases could be called "combin
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Erica Grimaldi Science Technology & Values 0508-211-03References Nye, D. E. (2006). Technology Matters: Questions to Live With. Cambridge, Massachusetts: MIT Press.Erica Grimaldi Science Technology & Values 0508-211-03Life would be a lot harder
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