长期筹资决策（Long-term financing decision）.docVIP

长期筹资决策（Long-term financing decision） The sixth chapter long-term financing decision A single answer. The following 1. ways of financing, the highest cost is: (a) A. ordinary shares B. bonds C. preferred shares issued D. long term loans 2. common stock price 10.50 yuan, financing costs 0.50 yuan per share, every year a dividend of 1.50 yuan, the dividend growth rate of 5%, the cost of common stock is closest to: (a) A.10.5% B.15% C.19% D.20% About 3. of the cost of capital, of the following statements is true: A is equal to the cost of capital financing costs and ratio of capital cost and financing amount B bond financing costs than the stock of bank loans than low, high C use retained earnings without external financing, so there is no cost of capital D stock financing cost high and low cost. 4. more debt: A is the financial risk of the enterprise B enterprise can not use financial leverage C can improve enterprises credit ability D enterprise to borrow more ability 5. in the individual capital cost calculation, without considering the factors influencing the financing cost is: A bond cost B the cost of retained earnings C common stock cost D preferred stock cost 6. in the fixed cost unchanged, the greater the sales () A. business lever coefficient is small, the greater the risk management B. operating leverage is greater, the greater the risk management C. business lever coefficient is small, the smaller the risk management D. operating leverage coefficient is, the smaller the risk management 7. a company operating leverage ratio is 2, the financial leverage coefficient is 1.5, if the current sales of 5 million yuan, earnings per share of 1 yuan, if sales doubled, earnings per share growth (for) A.1.5 yuan / share B.2 yuan / share C.3 yuan / share D.3.5 yuan / share 8. the company total capital of 1 million 500 thousand yuan, accounting for 55% of the equity capital, debt interest rate of 12%, sales of 1 million yuan, profit before interest and tax is 200 thousand