题目 Which of the following is an example of agency costs? In each case, management is advocating a substantial acquisition, and management compensation is comprised heavily of stock options. [...]
题目 According to the static trade-off theory: 选项 A.debt should be used only as a last resort. B.companies have an optimal level of debt. C.the capital structure decision is irrelevant. 答案 [...]
题目 Which of the following statements is most accurate? If two equity issues have the same market risk but the first issue has higher leverage, greater liquidity, and a higher required return, the [...]
题目 Which of the following is least likely to be true with respect to agency costs and senior management compensation? 选项 A.Equity-based incentive compensation is the primary method to address [...]
题目 The Fulcrum Company produces decorative swivel platforms for home televisions. If Fulcrum produces 40 million units, it estimates that it can sell them for $100 each. Variable production costs [...]
题目 Selected liquidity ratios for three firms in the leisure products industry are given in the table below. The most recent fiscal year ratio is shown, along with the average of the previous five [...]
题目 Consider two companies that operate in the same line of business and have the same degree of operating leverage: the Basic Company and the Grundlegend Company. The Basic Company and the [...]
题目 Two years ago, a company issued $20 million in long-term bonds at par value with a coupon rate of 9 percent. The company has decided to issue an additional $20 million in bonds and expects the [...]
题目 Which of the following is least accurate with respect to debt–equity conflicts? 选项 A.Equityholders focus on potential upside and downside, while debtholders focus primarily on downside [...]
题目 Happy Resorts Company currently has 1.2 million common shares of stock outstanding and the stock has a beta of 2.2. It also has $10 million face value of bonds that have five years remaining [...]