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ExaminationProblemsforFundamentalsofFinancialManagement

2004-2005(PaperB)

I.MultipleChoice(20points)(Pleasewriteyouranswerinthefollowingtable)

题1234567891011121314151617181920

号

选

项

1.()isconcernedwiththeacquisition,financing,andmanagementofassetswithsome

overallgoalinmind.

A.FinancialmanagementB.ProfitmaximizationC.AgencytheoryD.Social

responsibility

2.Amajordisadvantageofthecorporateformoforganizationisthe().

A.doubletaxationofdividends

B.inabilityofthefirmtoraiselargesumsofadditionalcapital

C.limitedliabilityofshareholders

D.limitedlifeofthecorporateform.

3.Interestpaid(earned)onboththeoriginalprincipalborrowed(lent)andpreviousinterestearned

isoftenreferredtoas().

A.presentvalueB.simpleinterestC.futurevalueD.compoundinterest

4.Iftheintrinsicvalueofashareofcommonstockislessthanitsmarketvalue,whichofthe

followingisthemostreasonableconclusion?

A.Thestockhasalowlevelofrisk.

B.Thestockoffersahighdividendpayoutratio.

C.Themarketisundervaluingthestock.

D.Themarketisovervaluingthestock.

5.A250facevalueshareofpreferredstock,paysa20annualdividendandinvestorsrequirea7%

returnonthisinvestment.Ifthesecurityiscurrentlysellingfor276,whatisthedifference

(overvaluation)betweenitsintrinsicandmarketvalue(round