CMA（P2）——Corporate Finance
信息来源：金融范 2014-10-07 10:06 knroman
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Reason #1 |
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Reason #2 |
| A. |
Speculative balances |
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Speculative balances |
| B. |
Speculative balances |
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Precautionary balances |
| C. |
Precautionary balances |
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Speculative balances |
| D. |
Precautionary balances |
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Precautionary balances |
B.6.1. James Hemming, the chief financial officer of a midwestern machine parts manufacturer, is considering splitting the company’s stock, which is currently selling at $80.00 per share. The stock currently pays a $1.00 per share dividend. If the split is two-for-one, Mr. Hemming may expect the post split price to be
A. exactly $40.00, regardless of dividend policy.
B. greater than $40.00, if the dividend is changed to $0.45 per new share.
C. greater than $40.00, if the dividend is changed to $0.55 per new share.
D. less than $40.00, regardless of dividend policy.
B.8.1. Country R’s currency would tend to depreciate relative to Country T’s currency when
A. Country R switches to a more restrictive monetary policy.
B. Country T has a rapid rate of growth in income that causes imports to lag behind exports.
C. Country R has a rate of inflation that is lower than the rate of inflation in Country T.
D. Country R has real interest rates that are lower than real interest rates in Country T.
B.8.2. One U.S. dollar is being quoted at 120 Japanese yen on the spot market and at 123 Japanese yen on the 90-day forward market; hence, the annual effect in the forward market is that the
A. U.S. dollar is at a premium of 10%.
B. U.S. dollar is at a premium of 2.5%.
C. U.S. dollar is at a discount of 10%.
D. U.S. dollar is at a premium of 0.025%.
B.8.3. The Robo Division, a decentralized division of GMT Industries, has been approached to submit a bid for a potential project for the RSP Company. Robo Division has been informed by RSP that they will not consider bids over $8,000,000. Robo Division purchases its materials from the Cross Division of GMT Industries. There would be no additional fixed costs for either the Robo or Cross Divisions. Information regarding this project is as follows.
关键词:
Corporate Finance