2021 公司金融(山东大学) 最新满分章节测试答案

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Chapter2 Fundamentals of Corporate Investment Decisions： Valuation Issues
Chapter1 Introduction to Corporate Finance
Chapter3 Risks and Benefits
Chapter4 Methods of Company Investment Decision
Chapter5 Efficient Capital Markets and Behavioral Finance
Chapter6 Corporate Financing Decisions
Chapter7 Corporate Governance： Agency Problem
Chapter8 Mergers and Acquisitions
Chapter9 New Finance Enabling Company Development

本答案对应课程为:点我自动跳转查看
本课程起止时间为:2021-04-09到2021-06-30

Chapter2 Fundamentals of Corporate Investment Decisions： Valuation Issues

1、问题:The interest rate is 10%. What is the PV of an asset that pays $1 a year in perpetuity?
选项：
A:$20
B:$30
C:$10
D:$40
答案: 【$10】

2、问题:Which of the following is not a common form of term structure of interest rate?
选项：
A:Upward sloping
B:Downward sloping
C:Humped
D:Parallel to x axis
答案: 【Parallel to x axis】

3、问题:Which of the following is part of Moody’s junk bonds?
选项：
A:Aa
B:Ba
C:Baa
D:A
答案: 【Ba】

4、问题:According to Fisher’s equation, the nominal interest rate is 8% and the inflation rate is 3%, so the real interest rate is?
选项：
A:5%
B:6%
C: 7%
D:8%
答案: 【5%】

5、问题:Stock Valuation Methods include?
选项：
A:Market Analogy Method
B:Free Cash Flow Model
C:Dividend Discount Model
D:All of the three
答案: 【All of the three】

6、问题:The present value of one hundred dollars received at different times is the same.
选项：
A:正确
B:错误
答案: 【错误】

7、问题:A 10-year bond is issued with a face value of $1,000, paying interest of $60 a year. If market yields increase shortly after the T-bond is issued, the bond’s price falls.
选项：
A:正确
B:错误
答案: 【正确】

8、问题: If a bond’s coupon rate is higher than its yield to maturity, then the bond will sell for more than face value.
选项：
A:正确
B:错误
答案: 【正确】

9、问题:All stocks in an equivalent-risk class are priced to offer the same expected rate of return.
选项：
A:正确
B:错误
答案: 【正确】

10、问题:The value of a share equals the PV of future dividends per share.
选项：
A:正确
B:错误
答案: 【正确】

Chapter1 Introduction to Corporate Finance

1、问题:Which of the following statements always apply to corporations?
选项：
A:Unlimited liability.
B:Limited life.
C:Ownership can be transferred with affecting operations.
D:Managers can be fired with no effect on ownership.
答案: 【Managers can be fired with no effect on ownership.】

2、问题:Which of the following decisions is not included in the three major decisions of corporate finance?
选项：
A: Investment Decision
B:Financing Decision
C:Capital Structure
D:Sell Decision
答案: 【Sell Decision】

3、问题:How to solve the agency problem?
选项：
A:Increase investment
B:Strengthen supervision
C:Increase cost
D:No way
答案: 【Strengthen supervision】

4、问题:Which of the following belongs to the three forms of ownership of the enterprise?
选项：
A: Individual Proprietor
B:Corporate
C:Partnership
D:The above three
答案: 【The above three】

5、问题:Which of the following options is not an advantage of the Corporate?
选项：
A:Shares can be easily transferred
B:Continue to operate
C:No corporate taxes
D: Limited liability
答案: 【No corporate taxes】

6、问题:Real assets, such as stocks or bank loans, are claims held by investors.
选项：
A:正确
B:错误
答案: 【错误】

7、问题:Capital budgeting means investment in real assets.
选项：
A:正确
B:错误
答案: 【正确】

8、问题: The shares of public corporations are traded on stock exchanges and can not be purchased by a wide range of investors.
选项：
A:正确
B:错误
答案: 【错误】

9、问题: A sole proprietor has unlimited liability.
选项：
A:正确
B:错误
答案: 【正确】

10、问题:A corporation is a separate legal “person” with unlimited life.
选项：
A:正确
B:错误
答案: 【正确】

Chapter3 Risks and Benefits

1、问题:The Treasury bill rate is 4%, and the expected return on the market portfolio is 12%. Using the capital asset pricing model: What is the risk premium on the market?
选项：
A:6%
B:7%
C: 8%
D:5%
答案: 【 8%】

2、问题: Calculate the standard deviations of the following portfolios. 50% in Treasury bills, 50% in stock P.
选项：
A: 6%
B:7%
C: 8%
D:5%
答案: 【7%】

3、问题:Consider the following simplified APT model: Calculate the expected return for P. Assume rf=5%.
选项：
A:10.58%
B:11.58%
C:12.58%
D:13.58%
答案: 【11.58%】

4、问题:In which of the following situations would you get the largest reduction in risk by spreading your investment across two stocks?
选项：
A:The two shares are perfectly correlated.
B:There is no correlation.
C: There is modest negative correlation.
D:There is perfect negative correlation.
答案: 【There is perfect negative correlation.】

5、问题:Consider a three-factor APT model. The factors and associated risk premiums are: Calculate expected rates of return of a stock with average exposure to each factor (i.e., with b=1 for each). The risk-free interest rate is 7%.
选项：
A:10%
B:11%
C:12%
D:13%
答案: 【13%】