do corporate decisions that increase the value of the firm's equity benefit society as a whole?
the principal-agent problem arises:
you overhear your manager saying that she plans to book an ocean-view room on her upcoming trip to miami for a meeting. you know that the interior rooms are much less expensive, but that your manager is traveling at the company's expense. this use of additional funds comes about as a result of:
which of the following statements regarding the timeline is false?
at an annual interest rate of 7%, the future value of $5,000 in five years is closest to:
if the current rate of interest is 8%, then the present value of an investment that pays $1000 per year and lasts 20 years is closest to:
which of the following statements is false?
suppose that a young couple has just had their first baby and they wish to ensure that enough money will be available to pay for their child's college education. currently, college tuition, books, fees, and other costs, average $12,500 per year. on average, tuition and other costs have historically increased at a rate of 4% per year. assuming that costs continue to increase an average of 4% per year, tuition and other costs for one year for this student in 18 years when she enters college will be closest to:
suppose that a young couple has just had their first baby and they wish to ensure that enough money will be available to pay for their child's college education. currently, college tuition, books, fees, and other costs, average $12,500 per year. on average, tuition and other costs have historically increased at a rate of 4% per year. assuming that college costs continue to increase an average of 4% per year and that all her college savings are invested in an account paying 7% interest, then the amount of money she will need to have available at age 18 to pay for all four years of her undergraduate education is closest to:
suppose a ten-year bond with semiannual coupons has a price of $1,071.06 and a yield to maturity of 7%. this bond's coupon rate is closest to:
matilda industries pays a idend of $2.25 per share and is expected to pay this amount indefinitely. if matilda's equity cost of capital is 12%, which of the following would be expected to be closest to matilda's stock price?
nielson motors has a share price of $25 today. if nielson motors is expected to pay a idend of $0.75 this year, and its stock price is expected to grow to $26.75 at the end of the year, then nielson's idend yield and equity cost of capital are:
which of the following investments offered the highest overall return over the past eighty years?
which of the following statements is false? ( )
which of the following statements is false?
the semi-strong form of the efficient market hypothesis (emh) asserts that stock prices:
consider the following probability distribution of returns for alpha corporation: current stock price ($) stock price in one year ($) return r probability pr $35 40% 25% $25 0% 50% $20 -20% 25% the expected return for alpha corporation is closest to:
which of the following statements is false?
which of the following statements is false?
which of the following statements is false?
rearden metals is considering opening a strip mining operation to provide some of the raw materials needed in producing rearden metal. the initial purchase of the land and the associated costs of opening up mining operations will cost $100 million today. the mine is expected to generate $16 million worth of ore per year for the next 12 years. at the end of the 12th year rearden will need to spend $20 million to restore the land to its original pristine nature appearance. the payback period for rearden's mining operation is closest to:
the internal rate of return rule can result in the wrong decision if the projects being compared have:
project investment npv profitability index rank a 135,000 6,000 0.0444 8 b 200,000 30,000 0.1500 2 c 125,000 20,000 0.1600 1 d 150,000 2,000 0.0133 9 e 175,000 10,000 0.0571 7 f 75,000 10,000 0.1333 3 g 80,000 9,000 0.1125 4 h 200,000 20,000 0.1000 5 i 50,000 4,000 0.8000 6 assuming that your capital is constrained, so that you only have $600,000 available to invest in projects, which projects should you invest in and in what order?
suppose the annual yield of corporate bond for firm a is 12%, the firm’s marginal tax rate is 40%, the flotation cost of the bond is 5% of the dollar amount issued. then the cost of bond for firm a is
if a company were able to sell a 10 percent preferred stock issue ($50 par value) at a current market price of $49 a share, the cost of preferred stock would be
beta volatility "eenie" 0.45 20% "meenie" 0.75 18% "miney" 1.05 35% "moe" 1.20 25% assume that the risk-free rate of interest is 3% and you estimate the market's expected return to be 9%. the equity cost of capital for "miney" is closest to:
luther industries has 25 million shares outstanding trading at $18 per share. in addition, luther has $150 million in outstanding debt. suppose luther's equity cost of capital is 13%, its debt cost of capital is 7%, and the corporate tax rate is 40%. luther's unlevered cost of capital is closest to:
which of the following statements is false?
which of the following statements is false?
which of the following statements is false?
which of the following statements is false?
which of the following statements is false?
which of the following statements is false?
which of the following statements is false?
which one of the following is not one of the three steps involved in establishing a credit policy?
which of the following is not a direct cost associated with inventory?
which of the following is/are an advantage of incorporation?
which of the following would be best considered to be an agency conflict problem in the behavior of the following financial managers？
which of the following statements is false?
consider the following two projects: project year 0 cash flow year 1 cash flow year 2 cash flow year 3 cash flow discount rate a -100 40 50 60 .15 the payback period for project a is closest to:
which of the following statements is false?
which of the following statements is false?
which of the following statements is false?
which of the following statements is false?
which of the following statements is false?
luther industries has 25 million shares outstanding trading at $18 per share. in addition, luther has $150 million in outstanding debt. suppose luther's equity cost of capital is 13%, its debt cost of capital is 7%, and the corporate tax rate is 40%. luther's weighted average cost of capital is closest to:
which of the following statements is false?
which of the following statements is false?
which of the following statements is false?
the writer of a call option has:
which of the following statements is false?
which of the following statements is false?
which of the following statements is false?
which of the following statements is false?
when determining the cost of capital for a new project, which of the following should the firm consider?
which of the following would be the most positive impact if a company offered a discount to customers who pay their account early?
which of the following does the term financial leverage refer to?
which of the following actions by a company could create a conflict between shareholders and creditors?
如果一个 5 阶行列式中，有21个数字是0，3个数字是1，1个数字是2，则行列式的值等于：
如果 那么
设 为实数，如果 则实数
设 则 的常数项等于
设 则
设 则
n阶行列式满足下列哪个条件，则必有行列式的值非零？
的充分必要是
交换行列式的任意两行，都会改变行列式的值的符号。
如果行列式中出现的所有的数都是正数，则行列式的值必然大于零。
行列式的值为零当且仅当行列式中某一行是另外某两行的和。
如果 是一个偶排列，则 是奇排列。
奇数阶反对称行列式的对角线元素都是 0， 但是偶数阶反对称行列式的对角线元素未必是 0.
反对称行列式必然等于 0.
行列式转置，值不变。
如果行列式中每一个数字都是整数，则行列式的值必然也是整数。
cramer 法则只能用于线性方程组有唯一解的情形。
行列式中同一个元素的余子式和代数余子式的绝对值相等。
设为可逆矩阵，为分块矩阵，则
设均为阶方阵，则必有
设是n阶可逆方阵，是其伴随矩阵，则
设均为n阶可逆矩阵，则必有
设是阶可逆矩阵，其中 是其伴随矩阵，则
设，如果其伴随矩阵的秩为 1，则必有
设 均为 阶可逆矩阵，则必有
设 均为 阶方阵，如果 则必有
设 是矩阵，如果，则
设 是 矩阵， 是 阶可逆矩阵， 则
同型矩阵等价当且仅当
如果两个矩阵的乘积等于零，则其中一个矩阵必为零矩阵。
如果两个n阶矩阵的乘积等于零，则其中一个矩阵的秩必小于n。
如果a,b都是可逆矩阵，则a b也必然是可逆矩阵。
如果a,b都是可逆矩阵，则ab也是可逆矩阵。
如果矩阵的行秩等于列秩，则矩阵必为可逆矩阵。
可逆矩阵的伴随矩阵必然也是可逆的。
矩阵的秩和它的伴随矩阵的秩相等。
初等矩阵都是可逆矩阵。
设均为阶方阵，如果 则
如果线性方程组 有解，则
如果 只有零解，则
设 其中 则线性方程组 的解是
设 是 矩阵， 是非零 维向量，则下列结论必然正确的是
设 n 阶方阵 的伴随矩阵 , 如果是非齐次线性方程组 的四个互不相等的解，则对应的齐次线性方程组的基础解系