網(wǎng)課智慧樹知道《金融學（寧波大學）》章節(jié)測試答案

第一章單元測試1【判斷題】Financeisthestudyofhowpeopleallocatescarceresourcesovertime.（）A.對B.錯2.【多選題】正確答案：ABCDBasictypesoffinancialdecisionsofhouseholds（）.A.InvestmentdecisionsB.ConsumptionandsavingdecisionsC.Risk-managementdecisionsD.Financingdecisions3.【多選題】正確答案：ABCDBasictypesoffinancialdecisionsoffirms（）.A.capitalbudgetingB.financingC.workingcapitalmanagementD.whatbusinessesitwantstobein4【單選題】(2分)Whichoneisnottheformofbusinessorganization（）.A.conveniencestoreB.soleproprietorshipC.partnershipD.corporation5【單選題】(2分)Forthepartnership,selecttheonewhichiswrong（）.A.Limitedpartnershipconsistsoflimitedpartnersandatleastonegeneralpartner.B.Ingeneralpartnership,allpartnershaveunlimitedliability.C.Apartnershipisafirmwithtwoormoreowners.D.Limitedpartnershaveunlimitedliability.第二章單元測試1【判斷題】Financialsystemencompassesthemarkets,intermediaries,servicefirms,andotherinstitutionsusedtocarryoutthefinancialdecisionsofhouseholds,businessfirms,andgovernments.（）A.錯B.對2.【多選題】正確答案：ABCDBasicfunctionsperformedbythefinancialsystem:（）.A.Risk-managementdecisionsB.InvestmentdecisionsC.TransferringresourcesacrosstimeandspaceD.Financingdecisions3.【多選題】正確答案：BCBythelocation,financialmarketsareclassifiedas（）.A.over-the-countermarketsB.no-one-specific-locationmarketC.specific-geographic-locationmarketD.off-exchangemarkets4【單選題】(2分)Supposeyouinvestinastockcosting$40.Itpaysacashdividendduringtheyearof$1,andyouexpectitspricetobe$60atyear'send.Ifthestock'spriceisactually$40atyear'send,whatisyourrealizedrateofreturn?（）A.20%B.52.5%C.50%D.25.2%5【單選題】(2分)Ifthenominalinterestrateis8%peryear,andtherateofinflationasmeasuredbytheproportionalchangeinthefirmis4%peryear,whatistherealrateofreturn?（）A.8%B.4.5%C.3.85%D.4%第三章單元測試1【判斷題】Networkingcapitalisthedifferencebetweenafirm'scurrentassetsanditstotalliabilities.（）A.對B.錯2.【多選題】正確答案：ABDBasicfinancialstatementsinclude:（）.A.cashflowstatementB.incomestatementC.liabilitystatementD.balancesheet3.【多選題】正確答案：ABCDWecananalyzeafirm’sperformancetroughratios:（）.A.financialleverageB.liquidityC.profitabilitiesD.assetturnover4【單選題】(2分)Supposethattheoperationincomeofafirmis$60million,theinterestexpenseis$21million.Ifthetaxrateis40%,thenetincomeis（）.A.$39millionB.$23.4millionC.$15.6millionD.$24million5【單選題】(2分)Supposethatthenetincomeofafirmis$80million,andthestockholders’equitiesoftherecenttwoyearsare$300millionand$500million,respectively.Thereturnonequityratiois（）.A.20%B.40%C.16%D.10%第四章單元測試1【單選題】(2分)Asapensionmanager,youareconsideringinvestinginapreferredstock,whichpays$5,000,000peryearforeverbeginningoneyearfromnow.Ifyouralternativeinvestmentchoiceisyielding10%peryear,whatisthepresentA.$20millionB.$30millionC.$50millionD.$40million2【單選題】(2分)Youwanttoestablisha“wasting”fundthatwillprovideyouwith$1,000peryearforfouryears,atwhichtimethefundwillbeexhausted.Howmuchmustyouputinthefundnowifyoucanearn10%interestperyear?（）A.$3,365.67B.$3,169.87C.$3,100D.$3,0003【單選題】(2分)Supposeyoudeposit$2,000intoanaccountearninganinterestrateof10%peryear.Applytheruleof72,youwillhave$4,000after（）.A.7.2yearsB.10yearsC.21.6yearsD.14.4years4【單選題】(2分)Supposeyouput$1,000intoanaccountearninganinterestrateof5%peryear.Assumethatyouwillhavethisaccountintwoyearswithtakingnothingout,thefutureA.$1,050B.$1,250C.$1,025D.$1,102.55【單選題】(2分)Whataretheeffectiveannualratesofthefollowing:10%APRcompoundedannually?（）A.9%B.12%C.6%D.10%第五章單元測試1【單選題】(2分)Fred’slastyear’ssalarywas$50,000andisexpectedtoremainsoinrealtermsuntilretirement.Fora75%replacementrate,Fredexpectstohaveanannualincomeof（）.A.$3,250B.$3,025C.$3,102D.$3,7502【單選題】(2分)Willieis35yearsold,planstoretireat50andtolivetotheripeoldageof100.Hislaborincomeasaplumberis$150,000peryear,andheexpectstomaintainaconstantlevelofrealconsumptionspendingfortheremainderofhislife.Assumingasteadyrealsalary,thecompleteabsenceoftaxes,andarealinterestrateof2%perannum.WhatistheA.$1,896,525.34B.$1,957,404.62C.$1,927,389.53D.$1,875,355.463【單選題】(2分)Supposeyoucurrentlyrentanapartmentandhaveanoptiontobuyitfor$200,000.Propertytaxesare$2,000peryearandaredeductibleforincometaxpurposes.Annualmaintenancecostsonthepropertyare$1,500peryearandarenottaxdeductible.Youexpectpropertytaxesandmaintenancecoststoincreaseattherateofinflation.Yourincometaxrateis40%,youcanearnanafter-taxrealinterestrateof2%peryear,andyouplantokeeptheapartmentforever.Whatisthe“break-even”annualrentsuchthatyouwouldbuyitiftherentexceedsthisamount?（）A.$7,200B.$5,500C.$6,900D.$6,7004【單選題】(2分)Youare30yearsoldandareconsideringfull-timestudyforanMBAdegree.Tuitionandotherdirectcostswillbe$15,000peryearfortwoyears.Inadditionyouwillhavetogiveupajobwithasalaryof$30,000peryear.Assumetuitionispaidandsalaryreceivedattheendoftheyear.Assumearealinterestrateof3%peryearandignoretaxes.Alsoassumethatthesalaryincreaseisaconstantrealamountthatstartsafteryoucompleteyourdegree(attheendoftheyearfollowinggraduation)andlastsuntilretirementatage65.FindthefutureA.$88,760B.$89,740C.$86,590D.$91,3505【判斷題】IntertemporalbudgetconstraintmodelsaysthatthepresentA.錯B.對第六章單元測試1【判斷題】Whencomparingdifferentprojectswithdifferentcostsavingprojectswithdifferentlifeexpectancies,itispossibletocomparetheannualizedcapitalcost.（）A.錯B.對2【單選題】(2分)A.FungFashion,Inc.anticipatesrealnetcashflowstobe$100,000thisyear.Therealdiscountrateis15%peryear.WhatisthepresentA.$1,300,000B.$1,000,000C.$900,000D.$1,200,0003【單選題】(2分)LeatherGoodsInc.wantstoexpanditsproductlineintowallets.Itisconsideringproducing50,000unitsperyear.Thepricewillbe$15perwalletthefirstyearandthepricewillincrease3%peryear.Thevariablecostisexpectedtobe$10perwalletandwillincreaseby5%peryear.Themachinewillcost$400,000andwillhaveaneconomiclifeof5years.Itwillbefullydepreciatedusingthestraight-linemethod.Thedepreciationexpenseis（）.A.$900,000B.$1,000,000C.$800,000D.$1,100,0004【單選題】(2分)LeatherGoodsInc.wantstoexpanditsproductlineintowallets.Itisconsideringproducing50,000unitsperyear.Thepricewillbe$15perwalletthefirstyearandthepricewillincrease3%peryear.Thevariablecostisexpectedtobe$10perwalletandwillincreaseby5%peryear.Themachinewillcost$400,000andwillhaveaneconomiclifeof5years.Itwillbefullydepreciatedusingthestraight-linemethod.Thecashflowatthebeginningofthefirstyearis（）A.-$400,000B.$500,000C.$400,000D.-$500,0005【單選題】(2分)Tax-LessSoftwareCorporationisconsideringaninvestmentof$400,000inequipmentforproducinganewtaxpreparationsoftwarepackage.Theequipmenthasanexpectedlifeof4years.Salesareexpectedtobe60,000unitsperyearatapriceof$20perunit.Fixedcostsexcludingdepreciationoftheequipmentare$200,000peryear,andvariablecostsare$12perunit.Theequipmentwillbedepreciatedover4yearsusingthestraight-linemethodwithazerosalvageA.$80,000B.$100,000C.$120,000D.$70,000第七章單元測試1【判斷題】NeitherhouseholdsnofirmsmakefinancialdecisionsbasedonthecriterionofA.錯B.對2.【多選題】正確答案：ABTheLawofOnePricestatesthatinacompetitivemarket,（）.A.notwodistinctassetsareidenticalinallrespectsB.iftwoassetsareequivalenttheywilltendtohavethesamepriceC.iftwoassetsareequivalenttheywilltendtohavedifferentpricesD.therearetwodistinctassetsareidenticalinallrespects3.【多選題】正確答案：ACDIfobservedpricesappearedtoviolatethelaw,sothatseeminglyidenticalassetsweresellingatdifferentprices,（）.A.ourfirstsuspicionwouldnotbeanexceptiontotheLawofOnePriceB.ourfirstsuspicionwouldbeanexceptiontotheLawofOnePriceC.wewouldsuspectthattherewassome(perhapsundetected)economicdifferencebetweenthetwoassetsD.wewouldsuspectthatsomethingwasinterferingwiththenormaloperationofthecompetitivemarket4【單選題】(2分)Thequantitativemethodusedtoinferanasset’sA.valuationmodelB.pricemodelC.profitmodelD.comparisonmodel5【單選題】(2分)Youobservethatthedollarpriceoftheeurois$1.20andthedollarpriceoftheyenis$0.01.Whatmustbetheexchangeratebetweeneuroandyenifthereisnoarbitrageopportunity?（）A.130yenpereuroB.140yenpereuroC.120yenpereuroD.110yenpereuro第八章單元測試1【判斷題】Defaultriskreferstothepossibilitythattheissuerofbondsmaynotbeabletorepaytheprincipalandinterestonschedule.（）A.對B.錯2.【多選題】正確答案：BCDCouponbondscanbeclassifiedas:（）A.purebondB.discountbondC.parbondD.premiumbond3.【多選題】正確答案：ABCIfacouponbondhasapricehigherthanitsfaceA.itscurrentyieldislessthanitscouponrateB.itsyieldtomaturityislessthanitscouponrateC.itsyieldtomaturityislessthanitscurrentyieldD.itscouponrateislessthanitscurrentyield4【單選題】(2分)Considerabondwitha4%couponratematuringintwoyears,itsfaceA.-4.21%B.-2.41%C.4.21%D.2.41%5【單選題】(2分)Supposeyouwanttoknowthepriceofa10-year7%couponTreasurybondthatpaysinterestannually.Youhavebeentoldthattheyieldtomaturityis8%.Whatistheprice(per$100offaceA.$95.36B.$93.29C.$98.21D.$96.15第九章單元測試1【判斷題】AdiscounteddividendmodelisdefinedasanymodelthatcomputestheA.錯B.對2.【多選題】正確答案：BCTherearesomeimplicationsoftheconstant-growth-ratediscounteddividendmodel:（）A.themodelisvalidonlyiftheexpectedgrowthrateofdividendsisgreaterthanthemarketcapitalizationrateB.themodelisvalidonlyiftheexpectedgrowthrateofdividendsislessthanthemarketcapitalizationrateC.iftheexpectedgrowthrateiszero,thenthevaluationformulareducestotheformulaforthepresentD.iftheexpectedgrowthrateiszero,thenthevaluationformulacannotreducetotheformulaforthepresen