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Companies can use free cash flow to_________.
Select one:
a. acquire property, plant, and equipment.
b. pay additional dividends.
c. pay off debts.
d. All of the above.
The preferred shares of Crane Industries are expected to pay a $10 dividend forever, starting from the end of this year, if the required rate of return on equivalent investments is 9%, a share of Crane Industries preferred stock should be worth_______.
Select one:
a. $140.20.
b. $124.60.
c. $90.50.
d. $111.10.
On average, ABC Inc. collects accounts receivable 12 times during a year, what is the average collection period of ABC Inc., in days?
Select one:
a. 33.2 days.
b. 30.4 days.
c. 28.1 days.
d. 36.5 days.
Which of the following is an example of financial intermediation?
Select one:
a. A bank extends a mortgage loan to a household.
b. A woman opening a new business borrows funds from her uncle.
c. An Internet company issues stock by selling shares directly to buyers.
d. A professor purchases shares of stock directly from a corporation.
The amount an investor will have in 10 years if $1000 is invested today at a continuously compounded rate of 7%, will be closest to________.
Select one:
a. $2,038.
b. $2,014.
c. $2,060.
d. $2,044.
Which of the following least likely explains the ordinary annuity as a series of cash flows_________.
Select one:
a. with the same amount.
b. with equal intervals.
c. at the end of each period.
d. for a fixed time period.
How much should be invested today at 8% interest compounded quarterly to accumulate $10,000 five years from today? The amount that must be invested today is closest to________.
Select one:
a. $6,910.
b. $6,210.
c. $6,840.
Which of the following net income adjustment is least likely when estimating cash flow from operation using the indirect method?
Select one:
a. Deduct gains and add losses that resulted from investing and financing activities.
b. Add back cash expenses.
c. Deduct a decrease and add an increase in the current noncash liabilities.
d. Deduct an increase and add a decrease in the current noncash assets.
An investment is expected to produce the cash flows of $100, $200, and $300 at the end of the next three years, if the required rate of return is 10%, the present value of this investment is closest to_____.
Select one:
a. $475.83.
b. $481.59.
c. $495.01.
d. $456.65.
Which of the following is least likely valid for Secondary Market (or Exchange)?
Select one:
a. It has a centralized trading platform.
b. Trading on this market occurs during the scheduled trading hours.
c. This market physically exists.
d. The unlisted stocks trade on this market.
