...These questions are all from our slides. 1. What is the joint hypothesis problem when testing market efficiency? 2. When we observe an arbitrage opportunity, can we always make money? Please give an example to illustrate your point of view. 3. What are the advantages and disadvantages of issuing debt? One example for advantage and one for disadvantage. 4. What are the advantages and disadvantages of issuing equity? One example for advantage and one for disadvantage. 5. Harald Inc has 100 shares outstanding. There are four seats on its board of directors. Patrick owns 75 shares and Natasha owns 25 shares. Patrick does not want Natasha to be on board of directors: In case of cumulative voting, can Patrick successfully crowd out Natasha? 6. Firm A wants $1,000 financing either in the form of debt @ 10% or preferred stock at 6.7% percent dividend. Federal government imposes 40% tax on issuer of preferred stock. This is refunded to taxable issuer. However, firm A is not paying any taxes. Firm B is taxable @ 45% as an investor of Firm A. What is the after tax cost for Firm A if issuing preferred stock? What is the after tax cost for Firm A if issuing debt? What is the after tax yield for Firm B if investing in Firm A’s preferred stock? What is the after tax yield for Firm B if investing in Firm A’s debt? 7. Trans Can Corporation a. Currently No Debt b. Number of Shares Outstanding is 400, Price per Share is $20 c. Interest Rate is 10% d. Issue $4,000 in Debt to Buy Back Shares e...
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...BẢNG BÁO ĐIỂM THI PHẦN NGHE VÀ ĐỌC BẰNG TOEIC |Tên: NGUYEN THI THANH TAM |PHẦN NGHE: |Tổng điểm: | |Số CMND: 024352253 Ngày sinh: 20/12/1989 |310 |520 | | | | | |Ngày kiểm tra: 13/02/2012 Giá trị đến: 13/02/2014 | | | | |PHẦN ĐỌC: | | | |210 | | |Dùng nội bộ: 19031969 IIG Vietnam Đt: 84-4-37732602 Email: info@iigvietnam.com Web: www.iigvietnam.com | |Bản quyền năm 2007 của dịch vụ kiểm tra giáo dục. ETS, Logo của ETS và TOEIC thương hiệu được đăng ký của Viện Khảo thí Giáo dục (ETS) tại Mỹ. | |Phần Nghe ...
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