公司理财精要第七章题库.doc

Chapter 07 - Equity Markets and Stock Valuation 7- PAGE 1 Chapter 07 Equity Markets and Stock Valuation ? Multiple Choice Questions? 1.?What is the name given to the model that computes the present value of a stock by dividing next years annual dividend amount by the difference between the discount rate and the rate of change in the annual dividend amount??A.?Stock pricing modelB.?Equity pricing modelC.?Capital gain modelD.?Dividend growth modelE.?Present value model ? 2.?The dividend yield is defined as:?A.?the current annual cash dividend divided by the current market price per share.B.?the current annual cash dividend divided by the current book value per share.C.?next years expected cash dividend divided by the current market price per share.D.?next years expected cash dividend divided by the current book value per share.E.?next years expected cash dividend divided by next years expected market price per share. ? 3.?The capital gains yield equals which one of the following??A.?Total yieldB.?Current discount rateC.?Market rate of returnD.?Dividend yieldE.?Dividend growth rate ? 4.?Which one of the following types of securities has no priority in a bankruptcy proceeding??A.?Convertible bondB.?Senior debtC.?Common stockD.?Preferred stockE.?Straight bond ? 5.?Mary owns 100 shares of stock. Each share entitles her to one vote per open seat on the board of directors. Assume there are 3 open seats in the current election and Mary casts all 300 of her votes for a single candidate. What is the term used to describe this type of voting??A.?ProxyB.?AggregateC.?CumulativeD.?StraightE.?Condensed ? 6.?There are two open seats on the board of directors. If two separate votes occur to elect the new directors, the firm is using a type of voting that is best described as _____ voting.?A.?simultaneousB.?straightC.?proxyD.?cumulativeE.?sequential ? 7.?Kate could not attend the last shareholders meeting and thus she granted the authority to vote on