举一反三
- With an interest rate of 5 percent, the present value of $100 received one year from now is approximately _________
- When ( ) equals zero, the discount rate is the internal rate of return. A: Discounted Cash Flow B: Annual cash flow C: Payback period D: Net Present Value
- Internal Rate of Return (IRR) is the discount rate which yields a zero ( ) A: Discounted Cash Flow B: Annual cash flow C: Payback period D: Net Present Value
- Which of the following statements about accounting for long-term debt is least accurate（） A: For a bond issued at par, interest expense = coupon rate x face value. B: For a discount coupon bond, cash flow from operations will decrease by the amount of the periodic coupon payment. C: A bond issued at a discount results in lower cash flow from operations and higher cash flow from financing than a bond issued at a premium.
- Annual interest expense is the:（） A: sum of the annual coupon payments. B: amount paid to creditors in excess of par. C: book value of the debt times the market interest rate when it was issued.
内容
- 0
With an interest rate of 10 percent, the present value of a security that pays $1,100 next year and $1,460 four years from now is approximately _________
- 1
The initial offer price for the target firm is defined as A: The minimum price B: The present value of the minimum price plus some fraction of the present value of net synergy C: The present value of net synergy plus the current market value of the target firm D: The maximum price less the minimum price E: The maximum price less the present value of net synergy
- 2
a bond offers an annual coupon rate of 4%, with interest paid semiannually. The bond matures in two years. At a market discount rate of 6%, the price of this bond per 100 of par value is closest to
- 3
A company issued 5-year, 7% bonds with a par value of $100,000. The market rate when the bonds were issued was 6.5%. The company received $101,137 cash for the bonds. Using the straight-line method, the amount of recorded interest expense for the first semiannual interest period is: A: $3,386.30. B: $3,500.00. C: $3,613,70. D: $6,633.70. E: $7,000.00.
- 4
From a cash flow position, which one of the following ratios best measures a firm's ability to pay the interest on its debts? A: times interest earned ratio B: cash coverage ratio C: cash ratio D: quick ratio E: Interval measure