FİN208U
İŞLETME FİNANSI II
2. Ünite
Soru 1
I. Dept
II. Equity
III. Goods
Which of above is/are included in cost of the capital mix?
Soru 2
All of the following is a component of WACC, except...
Soru 3
Which of the following rate is the most used by banks borrowing from international bank loans at floating rates?
Soru 4
"In bond issues if the interest rate is floating and not fixed, then it is called as .......... bond."
Which of the following would best fill the blank above?
Soru 5
XYZ Corp. borrows $50,000 as a bank loan at an annual interest rate of %8. The company pays 25% corporate tax rate. What is the after-tax rate of borrowing for XYZ Corp.?
Soru 6
"A business can raise equity capital either through ............ issue or ............. issue"
Which of the following pairs would best fill the blanks above?
Soru 7
ABC Corp. recently issued preferred stocks for raising additional $100,000 of equity funds. Investors bought each share paying a price of $80. The preferred dividends are $15 per share. What is the return of the preferred stockholders?
Soru 8
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?
Soru 9
"The WACC estimation should be based on the ........ values of the capital components"
Which of the following would best fill the blank above?
Soru 10
X Corp.'s capital structure consist of %40 long-term dept and %60 common equity. The interest rate on the corp.'s long-term dept is %12 and common shareholders are paid %18 on equity capital. If the tax rate of the corp. is %25, what would be the WACC for the corp.?
Soru 11
What is the average cost of capital mix of debt and equity in financing decisions?
Soru 12
What is the formula above used to calculate?
Soru 13
What does k denote in the DCF equation above?
Soru 14
Which of the above statements about LIBOR is correct?
Soru 15
What is it called if the interest rate is floating and not fixed in bond issues?
Soru 16
A corporation borrows $100,000 as a bank loan at an annual interest rate of 5%. The company pays 30% corporate tax rate. What is the after-tax rate of borrowing for this corporation?
Soru 17
ANT Corp. issues bonds to borrow $500,000 required for capital investments. The bonds have a face value of $1,000, pay 5% annual coupons and mature in 8 years. The bonds are sold at par; however, the company incurs flotation (commissions and fees) costs of 4% on the bond issue. ANT's tax rate is 35%.
What is the after-tax cost of the bond issue?
Soru 18
Which of the following equations is used to calculate the cost of the preferred stock?
Soru 19
ABC Corp. distributes 60% of its net income as dividends. The firm’s ROE is 16% and last year stockholders received $1.60 dividends per share. Currently the stock sells at $34.60.
What is the cost of equity of ABC Corp.?
Soru 20
LDP Corp. has the following optimal capital structure: Long-term Debt 30%; Preferred Stocks 20%; Common Equity 50%. The interest rate on the company’s long-term borrowings is 8%. Preferred stockholders require 12% return on their investments and common shareholders are paid 15% on equity capital. The company has a tax rate of 35%.
What is the WACC for LDP Corp.?