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

Soru 1:

Which of the following equations is used to calculate the cost of the preferred stock?

A) B) C) D)

Soru 2:

Which one of the following is the equation of (Net income of project + Depreciation)?

A) Externalities B) Opportunity cost C) Earnings before interest D) A project's cash flow E) Economic profit

Soru 3:

What does k denote in the DCF equation above?

A) Cost of capital B) Cash inflow C) Cash outflow D) Cost of equity E) Cash flow

Soru 4:

How does debt financing work?

A) Debt financingoccurs when a firm raises money for working capital or capital expenditures byissuing corporate bonds to raise debt financing. B) Firms use a mixture of debt and equity for raising the required funds to invest. C) Debt financing refers to the likelihood that a company will be unable to meet its debt obligations. D) Debt financing negatively affects the value of a firm. E) Dept financing refers to the use of a company's balance sheet assets, including short-term investments, inventory and accounts receivable, to borrow money or get a loan.

Soru 5:

Debt securities are typically called notes, debentures, or bonds depending on their peculiarities. Issues with an original maturity of 10 years or less are often called bonds Longer-term issues are called notes. Long-term debt can be issued in two different forms, public-issue and privately-placed. Although the major terms and conditions are the same, under privately placed issues all of the bonds are sold to a single lender, not offered to the public. Which of the above statements in terms of debt securities are correct?

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

Soru 6:

What is the average cost of the mix of debt and equity?

A) Cost of capital B) Cost of debt C) Cost of equity D) Cost of common equity E) Mrginal cost of capital

Soru 7:

Which of the followings is the main form that banks provide medium and long term funding?

A) Leasing. B) Project finance. C) Classical loans. D) Overdraft. E) Revolving credits.

Soru 8:

Which capital structure theory advocates that a firm can boost its value by lowering its WACC, which is possible by increasing financial leverage in its capital structure?

A) Traditional approach B) Trade-off theory C) Net income approach D) Net Operating Income Approach E) Modigliani and Miller Capital Structure Theory

Soru 9:

What is net income approach?

A) The model assumes that the cost of debt, the weighted average cost of capital (WACC) and the value of the firm is irrespective of financial leverage. B) Net operating income is a calculation used to analyze the profitability of real estate investments that generate income. C) The net income approachis the proportion of debt and equity in which a corporate finances its business. D) The net income approach advocates that a firm can boost its value by lowering itsthe weighted average cost of capital(WACC), which is possible by increasing financial leverage in its capital structure. E) The income approach to measuring gross domestic product (GDP) is based on the accounting reality that all expenditures in an economy should equal the total incomegenerated by the production of all economic goods and services.

Soru 10:

NEO Corp. has the following optimal capital structure: Long-term Debt 40% Preferred Stocks 30% Common Equity 60% The interest rate on the company’s long-term borrowings is 10%. Preferred stockholders require 20% return on their investments and common shareholders are paid 12% on equity capital. The company has a tax rate of 35%. What is the WACC for NEO Corp.?

A) 15.80% B) 16.40% C) 18.50% D) 20.60% E) 22.70%

Soru 11:

A corporation borrows $100,000 as a bank loan at an annual interest rate of 5%. The company pays 30% corporate tax rate. What is the after-tax rate of borrowing for this corporation?

A) 0.025 B) 0.030 C) 0.035 D) 0.040 E) 0.045

Soru 12:

Which of the following is not one of the approaches to measuring a project’s risks coming from various sources rather than in general manner?

A) Simulation analysis B) Real options analysis C) Scenario analysis D) Decision tree analysis E) Sensitivity analysis

Soru 13:

They are issued without a maturity. The stockholder receives floating dividends that are deductible. In some ways, they resemble to bonds, in others to common stocks. Preferred dividends are paid out before the dividends to common stockholders. Which of the above are the characteristics of preferred stocks?

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

Soru 14:

What is traditional approach of capital structure?

A) The traditional approach to capital structure suggests that there exist an optimal debt to cash ratio where the overall cost of capital is the minimum and market value of the firm is the maximum. B) Accounting for financial transactions can be classified into two types of approaches. One is the Traditional Approach and another one is the modern approach. C) Traditional management systems focus on goals and objectives that the senior management of the company establishes. D) An optimal capital structure is the best mix of debt, preferred stock and common stock that maximizes a company's stock price by minimizing its cost of capital. E) A traditional approach is an intermediate model, compromising between the net income approach and the net operating income approach. Traditional approach assumes an optimal capital structure wherethe weighted average cost of capital (WACC)is minimized and the value of the firm is maximized.

Soru 15:

Which of the following is not true about revolving loans?

A) With revolving credits, a limit of credit is set on the credit account of the borrower. B) The limits of credit and the is determined in a loan agreement. C) From concluding a loan contract till maturity date the borrower can draw the credit repeatedly within the limit. D) The limit of the credit is set as a debit of a company’s current account if the limit is overdrawn. E) The due date is determined in a loan agreement.

Soru 16:

In common stocks, what is the terms used to refer to the legal right of the existing shareholders?

A) Pre-emptive right B) Limited liability C) Residual claims on assets D) Right to control E) Voting rights

Soru 17:

What is the benchmark rate that represents the interest rate at which banks offer to lend funds to one another in the international interbank market for short-term loans?

A) Bond yield B) Risk premium C) Common equity D) LIBOR E) Risk free rate

Soru 18:

I. Short-term debt, II. Long-term debt, III. Depreciation, IV. Retained earnings. Which of the ones listed above is among the internal cash flow?

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

Soru 19:

Which of the following equations is used to adjust the cost of equity to flotation costs?