Busıness Fınance II (ENG)
2021–2022 Yaz Okulu Çıkmış Soruları
- 20 soru
- Soru metinleri açık; şıklar ve cevap anahtarı uygulamada
- 1Which of the following refers to purchase of the target company by using debt as a financing alternative?
- ABargaining power
- BPricing effect
- CLeveraged buyout (LBO) orul
- DAcquisition premium
- ELiquidation value
- 2I. The basic terms of the bonds Il. The total amount of bonds issued IlI. The number of vote rights IV. The repayment arrangements Which of the above are the provisions that the bond indenture generally includes?
- AI and il
- BIII and IV
- C| and I!!
- D1, Il, and IV
- EI, III, and IV
- 3Which of the following is an agreement by two or more companies, one or more is foreign, to produce a product or service together?
- AFranchising
- BContract Manufacturing and Service Provision
- C| International Joint Venture (IJV) et
- DLicensing
- EExporting
- 4I.Firms raise equity funds from their shareholders , who own a direct share of the net income and th e net worth of the company. Il.Shareholders hold residual claims on both the earnings and the assets of the business, they be ar more risk than the creditors. III. Equity financing becomes more expensive tha n debt financing. IV.As more debt is raised, the risk borne by the s hareholder's increases, leading to a higher cost o f equity. Which of the statements above related to equ ity financing are correct?
- Aland Il
- BI and ||!
- CII and IV
- DI, Ill and IV
- EI, Il, Ill and IV
- 5At the optimal capital structure, --. Which of the following completes sentence above?
- Aprofit is maximized
- Baverage cost of capital is minimized
- Cfirm value is optimized
- Dgross profit is maximized
- Etax is minimized
- 6Which of the following is not one of the assumptions of "dividend irrelevance theory"?
- AInvestors can buy and sell stocks without any transaction costs.
- BCompanies can issue stocks without any costs.
- CThere are no taxes and transaction costs.
- DInvestors are completely rational.
- EA company's value will be maximized by setting a high dividend payout ratio.
- 7Which one of the factors affecting the capital structure include the creditworthiness of the business?
- AIndustry Specific Factors
- BInterest Rates
- CPolitical Risk
- DFirm-Specific Factors
- EEconomic Environment
- 8Which of the following is not among the provisions that a bond indenture generally includes?
- AThe basic terms of the bonds.
- BA description of property used as security.
- CNet income of the issuer
- DThe repayment arrangements.
- EThe total amount of bonds issued.
- 91. Market risk Il. Un-diversifiable risk III. Maturity risk IV. Liquidity risk Which of the risks above are also known as systematic risk?
- AI and l
- BI and IV So ular.ne
- CII and IV
- DI, Il and IV
- EII, Ill and IV
- 10Which of the following is the priority in quantifying risk?
- ATo determine the type of exposure it has
- BTo protect the depositors' money
- CTo contribute to the stability of the financial system
- DTo construct an efficient portfolio
- ETo comply with to best interests of the shareholders
- 11Project G has an initial investment of $200,000. If annual cash inflows are expected to be $80,000, what would be the payback period for the project G?
- A1.5
- B1.75
- C2
- D2.5
- E3
- 12I. Sunk costs II. Variable costs Ill. Externalities IV. Asymetric information Which of the above are problematic areas tha t are not always very easy to identify related t o incremental cash flows which should be inc luded in the evaluation?
- AI and Il
- BI and III
- CII, and IV
- D1, II, and IV
- EII, IlI, and IV
- 13"When a corporation analyses the risk ot a specific balance sheet position, close attention must be paid to the type of position concerned." Which of the following is the cause of this obligation?
- ABecause the future value of the investment can be quantified from the expected value.
- BBecause returns are applied to the portfolio to generate a 'historical' series of portfolio return values.
- CBecause "similar" positions can generate very different risks.
- DBecause of illiquidity in derivatives
- EBecause derivative instruments are defined as contracts of risk transfer from related parties to each other.
- 14The composite cost of the last dollar of new capital raised is called-. Which of the following completes sentence above?
- Acost of debt
- Bcost of equity
- Ctax shield
- Dweighted average cost of capital
- Emarginal cost of capital
- 15Which characteristic of the multinational corporations teaches new skills to the workforce and provide the much-needed money to the domestic population?
- ADevelopment
- BEfficiency
- CInternational Operation
- Dlof. D) Oligopolistic Structure
- ECollective Transfer of Resources
- 16In floating-rate bonds, the coupon rate has a floor and a ceiling, meaning that the coupon is subject to a minimum and a maximum. In this case, the coupon rate is said to be "-......". Which of the folloqwing completes the sentence above?
- Acollar
- Bcapped
- Cforecasted
- Dchanged
- Efixed
- 17In case of debt financing, creditors' required return mainly changes with the lending horizon and the ----- of the borrower. Which of the following completes sentence above?
- Acredit-worthiness
- Bnet profit
- Cindustry
- Ddebt ratio
- Ecost of equity
- 18What should be the Profitability Index of a project if NPV of it is 0?
- AO
- Bcan not be known
- Cnegative
- D2
- E1
- 19Which of the following is true according to "the bird-in-the-hand" dividend theory?
- AThere are no conflicts of interest between managers and owners.
- BA company's value will be maximized by setting a high dividend payout ratio.
- CThere are no taxes and transaction costs.
- DA company's dividend policy has no effect on whether its value or its cost of capital.
- EInvestors can buy and sell stocks without any transaction costs.
- 20Which of the following is the price paid for a target firm that exceeds its pre-acquisition market value?
- ALeveraged Buyout
- BCash flow lar.ne
- CNet asset value
- DS Acquisition premium
- EEarnings ratio