Deneme Sınavı Soruları

ABC Corp. has a historical beta of 1.25 and the expected market return is 10%, whereas the risk free rate is 5%. What is the required return of the stockholders of ABC?

Which of the following is not negatively affected by bankruptcy risk?

What is meant by agency theory?

I. CAPM

II. Bond-Yield-Plus-Risk-Premium Model

III. Dividend-Growth Model

Which of the above is/are among the methods used for estimating the cost of equity?

Which one of the following refers to the risk-adjusted present value of revenue minus all costs, including the opportunity cost of capital?

I.   The maturity of the shares

II.  Residual claim on income

III. Right to control

IV.  Voting rights

Which of the above are among the important features of common stock?

Which capital structure theory advocates that a firm can boost its value by lowering its WACC, which is possible by increasing financial leverage in its capital structure?

1. Investment refers to all kinds of spendings made to acquire, sustain, and increase production factors.
2. Capital expenditure refers to outlay of funds by the firm that is expected to produce benefits over a period of time longer than one year.
3. Capital budgeting refers to the process of evaluating and selecting long-term investments which are consistent with the firm’s main objective of maximizing shareholders’ wealth.
4. Capital budgeting activity is a process consisting of a number of stages.

Which of the definitions above are correct?

... is a benchmark rate that represents the interest rate at which banks offer to lend funds to one another in the international interbank market for short-term loans.

Which of the following refers to all kinds of spendings made to acquire, sustain and increase production factors?

I.   Debt is not an ownership interest in the firm.

II.  The corporation’s payment of interest on debt is considered a cost of doing business and is fully tax deductible. 

III.  Unpaid debt is a liability of the firm.

Which of the above are among the main differences between debt and equity?

What is differency between debt and equity?

1. Objective projects
2. Independent projects
3. Contingent projects
4. Mutually exclusive projects

Which of the above are the relative state of the investments regarding dependence on each other?

Which of the following capital structure theories suggests that managerial discretion may convey signals to outside investors other than the decisions on the surface?

What is it called if the interest rate is floating and not fixed in bond issues?

1. The Par Value of a Bond
2. The Face Value
3. Common Stock
4. Collateral
5. Lease

 Which of the above terms are used interchangeably?

1. Appraisal of the financing sources
2. Evaluation of the sources' risk
3. Examination of the maturity-cost relation of debt
4. Equalization of working capital and assets with liabilities 
5. Estimation of the cost of equity for different capital budget amounts

Which of the above does assessing the target capital structure require?

Which of the capital structure theory assumes an optimal capital structure where the WACC is minimized and the value of the firm is maximized?