Busıness Fınance Iı Çıkmış Sorular, Online Deneme Sınavları, Çalışma, Dersler, Sınava Hazırlanma, vize, final

Soru 1:

I. Debt is not an ownership interest in the firm. II. The corporation’s payment of interest on debt is considered a cost of doing business and is fully tax deductible. III. Unpaid debt is a liability of the firm. Which of the above are among the main differences between debt and equity?

A) Only I B) Only III C) I and II D) II and III E) I, II and III

Soru 2:

Which of the following refers to the outlay of funds by the firm that is expected to produce benefits over a period of time longer than one year?

A) Capital expenditure B) Capital budgeting C) Investment D) Economic profit E) Net income

Soru 3:

Which of the following projects does internal rate of return technique approve if it is mutually exclusive?

A) The project that provides the highest IRR B) The project that provides the lowest IRR C) The project that provides IRR greater than the expected rate of return D) The project that provides IRR smaller than the expected rate of return E) The project that provides IRR equal to the maximum rate of return

Soru 4:

What is the definition of equity financing?

A) When an equity investor agrees to invest in your company, they invest in exchange for ownership in the business. B) Equity financing is the process of raising capital through the sale of shares in an enterprise, and so raised equity funds from their shareholders C) Equity financing involves the sale of the company's stock and giving a portion of the ownership of the company to investors in exchange for cash. D) It starts with the fact that equity is riskier than debt. Because a company typically has no legal obligation to pay dividends to common shareholders, those shareholders want a certain rate of return. E) Debt is much less risky for the investor because the firm is legally obligated to pay it.

Soru 5:

I. Desired Level of Leverage II. Cost of Capital III. Nature of the Business IV. Size of the Company Which of the above are among the factors determining capital structure?

A) I and II B) III and IV C) I, II and IV D) II, III and IV E) I, II, III and IV

Soru 6:

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?

A) 0.036627 B) 0.073254 C) 0.109881 D) 0.183135 E) 0.549405

Soru 7:

I. Legal and tax issues, II. Availability of security, III. Marginal benefit, IV. Capital market depth. Which of the ones listed above is among the important factors affecting the decision for finding resources for the companies to fund investments?

A) I, II & III. B) II, III & IV. C) I, II & IV. D) II & III. E) I & IV.

Soru 8:

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.?

A) 2.4% B) 3.12% C) 5.73% D) 8.6% E) 11.46%

Soru 9:

Identifying potential investments Analyzing the set of investment opportunities Implementing and monitoring the selected investment projects Sustaining generation of the expected cash flow Which of the above are the basic steps of capital budgeting process?

A) I and II B) III and IV C) I, II and III D) I, II and IV E) II, III and IV

Soru 10:

... is an average value of the interest rate which is calculated from estimates submitted by the leading global banks on a daily basis. Which one of the following completes the sentence?

A) Franchise B) LIBOR C) SWIFT D) Cost of equity E) Bond yield

Soru 11:

In regards with the main differences between debt and equity, which of the following is true?

A) Debt is an ownership interest in the firm. B) In debt, creditors generally have voting power. C) Payment of interest on debt is fully tax deductible. D) Unpaid debt is a liability of the creditors. E) One of the costs of issuing equity is the possibility of financial failure.

Soru 12:

Desired Level of Leverage Nature of the business Size of the company Legal requirements Requirement of investors Which of the above factors affect the cost of capital of a company?

A) I and II B) II and V C) II, III and IV D) I, III, IV and V E) II, III, IV and V

Soru 13:

Which one of the following refers to all kinds of spendings made to acquire, sustain, and increase production factors?

A) Cash flow B) Payback period C) Capital expenditure D) Capital budgeting E) Investment

Soru 14:

What is the average cost of capital mix of debt and equity in financing decisions?

A) The component cost B) The cost of capital C) The weight of debt component D) The weight of equity component E) The weighted average cost of component

Soru 15:

In which bank loan type, after the drawing phase, the principal is paid gradually or by a single payment until a zero balance is achieved together with the interest for the period?

A) Classical B) Revolving credits C) Bank overdraft D) Project loans E) Syndication loans

Soru 16:

Which of the followings is an example of long-term loans?

A) Mortgage. B) Payday loans. C) Credit card debts. D) Revolving credits. E) Overdraft.

Soru 17:

Which one of the following provides a practical but highly subjective solution to the estimation of the cost of equity?

A) Cost of common equity B) Capital asset pricing model C) The bond-yield-plus-risk-premium approach D) Dividend-growth model E) Cost of preferred stocks

Soru 18:

I. The maturity of the shares II. Residual claim on income III. Right to control IV. Voting rights Which of the above are among the important features of common stock?

A) I and II B) III and IV C) I, III and III D) II, III and IV E) I, II, III and IV

Soru 19:

If a company borrows 250.000 tl as a bank loan at an annual interest rate % 8. The company pays % 25 corporate tax rate. What will be the after-tax rate of borrowing for this company.

A) 0.04 B) 0.60 C) 0.06 D) 0.40 E) 0.66

Soru 20:

... occurs when one party from a financial transaction has different information than the other.

A) Agency theory B) Symmetric information C) Financial leverage D) Asymmetric information E) Financial risk