公司財務(wù)知到智慧樹章節(jié)測試課后答案2024年秋北京第二外國語學(xué)院

公司財務(wù)知到智慧樹章節(jié)測試課后答案2024年秋北京第二外國語學(xué)院第一章單元測試

Whichofthefollowingstatementsistrue?（）

A:Noneofthestatementsaboveiscorrect.

B:Allofthestatementsabovearecorrect.

C:Soleproprietorshipsaresubjecttomoreregulationsthancorporations.

D:Oneofthebenefitsofincorporatingyourbusinessisthatyoubecomeentitledtoreceiveunlimitedliability.

E:Soleproprietorshipsdonothavetopaycorporatetax.

答案:Soleproprietorshipsdonothavetopaycorporatetax.

Whichofthefollowingstatementsismostcorrect?（）

A:Statementsbandcarecorrect.

B:Corporationsfacefewerregulationsthansoleproprietorships.

C:Onedisadvantageofbeingasoleproprietoristhatyouhavetopaycorporatetaxes,eventhoughyoudon’trealizethebenefitsofbeingacorporation.

D:Oneadvantageofformingacorporationisthatyouhavelimitedliability.

E:Noneofthestatementsaboveiscorrect.

答案:Oneadvantageofformingacorporationisthatyouhavelimitedliability.

Whichofthefollowingcouldexplainwhyabusinessmightchoosetoorganizeasacorporationratherthanasasoleproprietorshiporapartnership?（）

A:Corporationsgenerallyfinditeasiertoraisecapital.

B:Statementscanddarecorrect.

C:Corporationsenjoyunlimitedliability.

D:Corporationsgenerallyfacefewerregulations.

E:Corporationsgenerallyfacelowertaxes.

答案:Corporationsgenerallyfinditeasiertoraisecapital.

Theprimarygoalofapublicly-ownedfirminterestedinservingitsstockholdersshouldbeto（）

A:Maximizethestockpricepershare.

B:Maximizeexpectedtotalcorporateprofit.

C:MaximizeexpectedEPS.

D:Maximizeexpectednetincome.

E:Minimizethechancesoflosses.

答案:Maximizethestockpricepershare.

Whichofthefollowingstatementsismostcorrect?（）

A:Statementsaandbarecorrect.

B:Thethreatofatakeovercanreducetheagencyproblembetweenbondholdersandstockholders.

C:Restrictionsareincludedincreditagreementstoprotectbondholdersfromtheagencyproblemthatexistsbetweenbondholdersandstockholders.

D:Compensatingmanagerswithstockcanreducetheagencyproblembetweenstockholdersandmanagers.

E:Allofthestatementsabovearecorrect.

答案:Statementsaandbarecorrect.

第二章單元測試

Whichofthefollowingstatementsismostcorrect?(Assumethattherisk-freerateremainsconstant.（）

A:Statementsaandcarecorrect.

B:Ifthemarketriskpremiumincreasesby1percentagepoint,thentherequiredreturnwillincreaseforstocksthathaveabetagreaterthan1.0,butitwilldecreaseforstocksthathaveabetalessthan1.0.

C:Noneofthestatementsaboveiscorrect

D:Ifthemarketriskpremiumincreasesby1percentagepoint,thentherequiredreturnonallstockswillriseby1percentagepoint.

E:Ifthemarketriskpremiumincreasesby1percentagepoint,thentherequiredreturnwillincreaseby1percentagepointforastockthathasabetaequalto1.0.

答案:Ifthemarketriskpremiumincreasesby1percentagepoint,thentherequiredreturnwillincreaseby1percentagepointforastockthathasabetaequalto1.0.

Whichofthefollowingstatementsisincorrect?（）

A:Higherbetastockshaveahigherrequiredreturn.

B:Company-specificriskcanbediversifiedaway.

C:Theslopeofthesecuritymarketlineismeasuredbybeta.

D:Twosecuritieswiththesamestand-aloneriskcanhavedifferentbetas.

E:Themarketriskpremiumisaffectedbyattitudesaboutrisk.

答案:Theslopeofthesecuritymarketlineismeasuredbybeta.

Whichofthefollowingstatementsismostcorrect?（）

A:Astock’sbetaislessrelevantasameasureofrisktoaninvestorwithawell-diversifiedportfoliothantoaninvestorwhoholdsonlythatonestock.

B:Portfoliodiversificationreducesthevariabilityofthereturnsontheindividualstocksheldintheportfolio.

C:Therequiredreturnonafirm’scommonstockisdeterminedbyitssystematic(ormarket)risk.Ifthesystematicriskisknown,andifthatriskisexpectedtoremainconstant,thennootherinformationisrequiredtospecifythefirm’srequiredreturn.

D:Ifaninvestorbuysenoughstocks,heorshecan,throughdiversification,eliminatevirtuallyallofthenonmarket(orcompany-specific)riskinherentinowningstocks.Indeed,iftheportfoliocontainedallpubliclytradedstocks,itwouldberiskless.

E:Asecurity’sbetameasuresitsnondiversifiable(systematic,ormarket)riskrelativetothatofanaveragestock.

答案:Asecurity’sbetameasuresitsnondiversifiable(systematic,ormarket)riskrelativetothatofanaveragestock.

StockAandStockBbothhaveanexpectedreturnof10percentandastandarddeviationof25percent.StockAhasabetaof0.8andStockBhasabetaof1.2.Thecorrelationcoefficient,r,betweenthetwostocksis0.6.PortfolioPisaportfoliowith50percentinvestedinStockAand50percentinvestedinStockB.Whichofthefollowingstatementsismostcorrect?（）

A:PortfolioPhasmoremarketriskthanStockAbutlessmarketriskthanStockB

B:PortfolioPhasacoefficientofvariationequalto2.5

C:Noneofthestatementsaboveiscorrect

D:Allofthestatementsabovearecorrect

E:PortfolioPhasastandarddeviationof25percentandabetaof1.0

答案:PortfolioPhasmoremarketriskthanStockAbutlessmarketriskthanStockB

Whichofthefollowingstatementsismostcorrect?（）

A:Ifportfoliosareformedbyrandomlyselectingstocks,a10-stockportfoliowillalwayshavealowerbetathanaone-stockportfolio.

B:Noneofthestatementsaboveiscorrect.

C:Atwo-stockportfoliowillalwayshavealowerstandarddeviationthanaone-stockportfolio.

D:Allofthestatementsabovearecorrect.

E:Atwo-stockportfoliowillalwayshavealowerbetathanaone-stockportfolio.

答案:Noneofthestatementsaboveiscorrect.

第三章單元測試

Youhavetheopportunitytobuyaperpetuitythatpays$1,000annually.Yourrequiredrateofreturnonthisinvestmentis15percent.Youshouldbeessentiallyindifferenttobuyingornotbuyingtheinvestmentifitwereofferedatapriceof()

A:$8,728.50

B:$5,000.00

C:$6,000.00

D:$6,666.67

E:$7,500.00

答案:$6,666.67

Ifa5-yearordinaryannuityhasapresentvalueof$1,000,andiftheinterestrateis10percent,whatistheamountofeachannuitypayment?()

A:$240.42

B:$315.38

C:$300.20

D:$346.87

E:$263.80

答案:$263.80In1958theaveragetuitionforoneyearatanIvyLeagueschoolwas$1,800.Thirtyyearslater,in1988,theaveragecostwas$13,700.

Whatwasthegrowthrateintuitionoverthe30-yearperiod?()

A:9%

B:6%

C:12%

D:8%

E:7%

答案:6%

Whichofthefollowingsecuritieshasthelargestpresentvalue?Assumeinallcasesthattheannualinterestrateis8percentandthattherearenotaxes.()

A:Asecuritythatpaysyou$1,000attheendof1year,$2,000attheendof2years,and$3,000attheendof3years.

B:Afive-yearzerocouponbondthathasafacevalueof$7,000.

C:Aseven-yearzerocouponbondthathasafacevalueof$8,500.

D:Afive-yearordinaryannuitythatpaysyou$1,000eachyear.

E:Apreferredstockissuethatpaysan$800annualdividendinperpetuity.(Assumethatthefirstdividendisreceivedoneyearfromtoday.)

答案:Apreferredstockissuethatpaysan$800annualdividendinperpetuity.(Assumethatthefirstdividendisreceivedoneyearfromtoday.)

Yourbankaccountpaysanominalinterestrateof6percent,butinterestiscompoundeddaily(ona365-daybasis).Yourplanistodeposit$500intheaccounttoday.Youalsoplantodeposit$1,000intheaccountattheendofeachofthenextthreeyears.Howmuchwillyouhaveintheaccountattheendofthreeyears,aftermakingyourfinaldeposit?()

A:$3,500

B:$3,788

C:$2,591

D:$3,164

E:$3,779

答案:$3,788

第四章單元測試

A10-yearbondpaysanannualcoupon.Thebondhasayieldtomaturityof8percent.Thebondcurrentlytradesatapremium--itspriceisabovetheparvalueof$1,000.Whichofthefollowingstatementsismostcorrect?()

A:Iftheyieldtomaturityremainsat8percent,thenthebond’spricewilldeclineoverthenextyear.

B:Iftheyieldtomaturityremainsat8percent,thenthebond’spricewillremainthesameoverthenextyear.

C:Iftheyieldtomaturityincreases,thenthebond’spricewillincrease.

D:Thebond’scouponrateislessthan8percent.

E:Thebond’scurrentyieldislessthan8percent.

答案:Iftheyieldtomaturityremainsat8percent,thenthebond’spricewilldeclineoverthenextyear.

YouareconsideringtwoTreasurybonds.BondAhasa9percentannualcoupon,andBondBhasa6percentannualcoupon.Bothbondshaveayieldtomaturityof7percent.Assumethattheyieldtomaturityisexpectedtoremainat7percent.Whichofthefollowingstatementsismostcorrect?()

A:Iftheyieldtomaturityremainsat7percent,thepriceofbothbondswillincreaseby7percentperyear.

B:Iftheyieldtomaturityremainsat7percent,thepriceofbothbondswillincreaseovertime,butthepriceofBondAwillincreasebymore.

C:Iftheyieldtomaturityremainsat7percent,thepriceofBondBwilldecreaseovertime,butthepriceofBondAwillincreaseovertime.

D:Iftheyieldtomaturityremainsat7percent,thepriceofbothbondswillremainunchanged.

E:Iftheyieldtomaturityremainsat7percent,thepriceofBondAwilldecreaseovertime,butthepriceofBondBwillincreaseovertime.

答案:Iftheyieldtomaturityremainsat7percent,thepriceofBondAwilldecreaseovertime,butthepriceofBondBwillincreaseovertime.

Iftheyieldtomaturitydecreased1percentagepoint,whichofthefollowingbondswouldhavethelargestpercentageincreaseinvalue?()

A:A1-yearbondwithan8percentcoupon.

B:A10-yearbondwitha12percentcoupon.

C:A1-yearzerocouponbond.

D:A10-yearbondwithan8percentcoupon.

E:A10-yearzerocouponbond.

答案:A10-yearzerocouponbond.

Whichofthefollowingstatementsismostcorrect?()

A:Ifabondissellingforapremium,thisimpliesthatthebond’syieldtomaturityexceedsitscouponrate.

B:Statementsbandcarecorrect.

C:Noneofthestatementsaboveiscorrect.

D:Ifacouponbondissellingatpar,itscurrentyieldequalsitsyieldtomaturity.

E:Ifratesfallafteritsissue,azerocouponbondcouldtradeforanamountaboveitsparvalue.

答案:Ifacouponbondissellingatpar,itscurrentyieldequalsitsyieldtomaturity.

BondAhasa9percentannualcoupon,whileBondBhasa7percentannualcoupon.Bothbondshavethesamematurity,afacevalueof$1,000,andan8percentyieldtomaturity.Whichofthefollowingstatementsismostcorrect?()

A:Allofthestatementsabovearecorrect.

B:Iftheyieldtomaturityforbothbondsimmediatelydecreasesto

6percent,BondA’sbondwillhavealargerpercentageincreaseinvalue.

C:BondAtradesatadiscount,whereasBondBtradesatapremium.

D:Noneofthestatementsaboveiscorrect.

E:Iftheyieldtomaturityforbothbondsremainsat8percent,BondA’spriceoneyearfromnowwillbehigherthanitistoday,butBondB’spriceoneyearfromnowwillbelowerthanitistoday.

答案:Noneofthestatementsaboveiscorrect.

第五章單元測試

Iftwoconstantgrowthstockshavethesamerequiredrateofreturnandthesameprice,whichofthefollowingstatementsismostcorrect?()

A:Thetwostockshavethesameper-sharedividend.

B:Thestockwiththehigherdividendyieldwillhavealowerdividendgrowthrate.

C:Thestockwiththehigherdividendyieldwillhaveahigherdividendgrowthrate.

D:Thetwostockshavethesamedividendgrowthrate.

E:Thetwostockshavethesamedividendyield.

答案:Thestockwiththehigherdividendyieldwillhavealowerdividendgrowthrate.

Stocksaandbhavethesameprice,butStockahasahigherrequiredrateofreturnthanStockbWhichofthefollowingstatementsismostcorrect?()

A:StockamusthavebothahigherdividendyieldandahighercapitalgainsyieldthanStockb.

B:StockamusthaveahigherdividendyieldthanStockb.

C:IfStockahasahigherdividendyieldthanStockB,itsexpectedcapitalgainsyieldmustbelowerthanStockb’s.

D:IfStockahasalowerdividendyieldthanStockB,itsexpectedcapitalgainsyieldmustbehigherthanStockb’s.

E:StockbmusthaveahigherdividendyieldthanStocka.

答案:IfStockahasalowerdividendyieldthanStockB,itsexpectedcapitalgainsyieldmustbehigherthanStockb’s.

Whichofthefollowingstatementsismostcorrect?()

A:Allofthestatementsabovearecorrect.

B:Ifastock’sbetaincreasedbutitsgrowthrateremainedthesame,thenthenewequilibriumpriceofthestockwillbehigher(assumingdividendscontinuetogrowattheconstantgrowthrate).

C:AnimplicationofthesemistrongformoftheefficientmarketshypothesisisthatyoucannotconsistentlybenefitfromtradingoninformationreportedinTheWallStreetJournal.

D:Statementsaandbarecorrect.

E:Marketefficiencysaysthattheactualrealizedreturnsonallstockswillbeequaltotheexpectedratesofreturn.

答案:AnimplicationofthesemistrongformoftheefficientmarketshypothesisisthatyoucannotconsistentlybenefitfromtradingoninformationreportedinTheWallStreetJournal.

Whichofthefollowingstatementsisfalse?()

A:Whenacorporation’ssharesareownedbyafewindividualswhoareassociatedwithorarethefirm’smanagement,wesaythatthefirmis“closelyheld.”

B:Whenstockinacloselyheldcorporationisofferedtothepublicforthefirsttimethetransactioniscalled“goingpublic”andthemarketforsuchstockiscalledthenewissuemarket.

C:Apubliclyownedcorporationissimplyacompanywhosesharesareheldbytheinvestingpublic,whichmayincludeothercorporationsandinstitutionsaswellasindividuals.

D:Goingpublicestablishesatruemarketvalueforthefirmandensuresthataliquidmarketwillalwaysexistforthefirm’sshares.

E:Itispossibleforafirmtogopublic,andyetnotraiseanyadditionalnewcapital.

答案:Goingpublicestablishesatruemarketvalueforthefirmandensuresthataliquidmarketwillalwaysexistforthefirm’sshares.

TheJonesCompanyhasdecidedtoundertakealargeproject.Consequently,thereisaneedforadditionalfunds.Thefinancialmanagerplanstoissuepreferredstockwithaperpetualannualdividendof$5pershareandaparvalueof$30.Iftherequiredreturnonthisstockiscurrently20percent,whatshouldbethestock’smarketvalue?()

A:$50

B:$150

C:$10

D:$100

E:$25

答案:$25

第六章單元測試

Whichofthefollowingstatementsiscorrect?()

A:Althoughsomemethodsofestimatingthecostofequitycapitalencounterseveredifficulties,theCAPMisasimpleandreliablemodelthatprovidesgreataccuracyandconsistencyinestimatingthecostofequitycapital.

B:Noneofthestatementsaboveiscorrect.

C:TheDCFmodelispreferredoverothermodelstoestimatethecostofequitybecauseoftheeasewithwhichafirm’sgrowthrateisobtained.

D:Depreciation-generatedfundsareanadditionalsourceofcapitaland,infact,representthelargestsinglesourceoffundsforsomefirms.

E:Thebond-yield-plus-risk-premiumapproachtoestimatingthecostofequityisnotalwaysaccuratebutitsadvantagesarethatitisastandardizedandobjectivemodel.

答案:Depreciation-generatedfundsareanadditionalsourceofcapitaland,infact,representthelargestsinglesourceoffundsforsomefirms.

InapplyingtheCAPMtoestimatethecostofequitycapital,whichofthefollowingelementsisnotsubjecttodisputeorcontroversy?()

A:Thestock’sbetacoefficient,bi

B:Theexpectedrateofreturnonthemarket,kM

C:Alloftheabovearesubjecttodispute

D:Therisk-freerate,kRF

E:Themarketriskpremium(RPM)

答案:Alloftheabovearesubjecttodispute

Whichofthefollowingstatementsismostcorrect?()

A:Theweightedaveragecostofcapitaliscalculatedonabefore-taxbasis.

B:Theweightedaveragecostofcapitalforagivencapitalbudgetlevelisaweightedaverageofthemarginalcostofeachrelevantcapitalcomponentthatmakesupthefirm’stargetcapitalstructure.

C:Allofthestatementsabovearecorrect.

D:Statementsaandcarecorrect.

E:Anincreaseintherisk-freerateisnotlikelytoincreasethemarginalcostsofbothdebtandequityfinancing.

答案:Theweightedaveragecostofcapitalforagivencapitalbudgetlevelisaweightedaverageofthemarginalcostofeachrelevantcapitalcomponentthatmakesupthefirm’stargetcapitalstructure.

Whichofthefollowingstatementsismostcorrect?()

A:Sincestockholdersdonotgenerallypaycorporatetaxes,corporationsshouldfocusonbefore-taxcashflowswhencalculatingtheweightedaveragecostofcapital(WACC).B:Statementsaandbarecorrect.

C:Noneofthestatementsaboveiscorrect.

D:Whencalculatingtheweightedaveragecostofcapital,firmsshouldrelyonhistoricalcostsratherthanmarginalcostsofcapital.

E:Allelseequal,anincreaseinflotationcostswillincreasethecostofretainedearnings.

答案:Noneofthestatementsaboveiscorrect.

AllisonEnginesCorporationhasestablishedatargetcapitalstructureof40percentdebtand60percentcommonequity.Thecurrentmarketpriceofthefirm’sstockisP0=$28;itslastdividendwasD0=$2.20,anditsexpecteddividendgrowthrateis6percent.WhatwillAllison’smarginalcostofretainedearnings,ks,be?()

A:14.3%

B:9.7%

C:13.9%

D:7.9%

E:15.8%

答案:9.7%

第七章單元測試

Assumethatyouarecomparingtwomutuallyexclusiveprojects.Whichofthefollowingstatementsismostcorrect?()

A:Noneofthestatementsaboveiscorrect.

B:Allofthestatementsabovearecorrect.

C:IfaconflictexistsbetweentheNPVandtheIRR,theconflictcanalwaysbeeliminatedbydroppingtheIRRandreplacingitwiththeMIRR.

D:TheNPVandIRRruleswillalwaysleadtothesamedecisionunlessoneorbothoftheprojectsare“non-normal”inthesenseofhavingonlyonechangeofsigninthecashflowstream,thatis,oneormoreinitialcashoutflows(theinvestment)followedbyaseriesofcashinflows.

E:Therewillbeameaningful(asopposedtoirrelevant)conflictonlyiftheprojects’NPVprofilescross,andeventhen,onlyifthecostofcapitalistotheleftof(orlowerthan)thediscountrateatwhichthecrossoveroccurs.

答案:Therewillbeameaningful(asopposedtoirrelevant)conflictonlyiftheprojects’NPVprofilescross,andeventhen,onlyifthecostofcapitalistotheleftof(orlowerthan)thediscountrateatwhichthecrossoveroccurs.

Whichofthefollowingstatementsisincorrect?()

A:TheNPVmethodisnotaffectedbythemultipleIRRproblem.

B:IfIRR=k(thecostofcapital),thenNPV=0.

C:Assumingaprojecthasnormalcashflows,theNPVwillbepositiveiftheIRRislessthanthecostofcapital.

D:NPVcanbenegativeiftheIRRispositive.

E:IfthemultipleIRRproblemdoesnotexist,anyindependentprojectacceptablebytheNPVmethodwillalsobeacceptablebytheIRRmethod.

答案:Assumingaprojecthasnormalcashflows,theNPVwillbepositiveiftheIRRislessthanthecostofcapital.

ProjectJhasthesameinternalrateofreturnasProjectK.Whichofthefollowingstatementsismostcorrect?()

A:Iftheprojectshavethesamesize(scale)theywillhavethesameNPV,evenifthetwoprojectshavedifferentlevelsofrisk.

B:IfthetwoprojectshavethesamerisktheywillhavethesameNPV,evenifthetwoprojectsareofdifferentsize.

C:Allofthestatementsabovearecorrect.

D:Noneofthestatementsaboveiscorrect.

E:Ifthetwoprojectshavethesamesize(scale)theywillhavethesamediscountedpayback,evenifthetwoprojectshavedifferentlevelsofrisk.

答案:Noneofthestatementsaboveiscorrect.

ProjectXhasaninternalrateofreturnof20percent.ProjectYhasaninternalrateofreturnof15percent.Bothprojectshaveapositivenetpresentvalue.Whichofthefollowingstatementsismostcorrect?()

A:ProjectXmusthaveashorterpaybackthanProjectY.

B:ProjectXmusthaveahighernetpresentvaluethanProjectY.

C:Noneofthestatementsaboveiscorrect.

D:Statementsbandcarecorrect.

E:IfthetwoprojectshavethesameWACC,ProjectXmusthaveahighernetpresentvalue.

答案:Noneofthestatementsaboveiscorrect.

Acapitalinvestment’sinternalrateofreturn()

A:Mustexceedthecostofcapitalinorderforthefirmtoaccepttheinvestment.

B:Isequaltotheannualnetcashflowsdividedbyonehalfoftheproject’scostwhenthecashflowsareanannuity.

C:Statementscanddarecorrect.

D:Changeswhenthecostofcapitalchanges.

E:Issimilartotheyieldtomaturityonabond.

答案:Statementscanddarecorrect.

第八章單元測試

Whichofthefollowingstatementsismostcorrect?()

A:Thecapitalstructurethatmaximizesstockpriceisgenerallythecapitalstructurethatalsomaximizesearningspershare.

B:Statementsaandcarecorrect.

C:Statementsaandbarecorrect.

D:Whenacompanyincreasesitsdebtratio,thecostsofequityanddebtcapitalbothincrease.Therefore,theweightedaveragecostofcapital(WACC)mustalsoincrease.E:Allelseequal,anincreaseinthecorporatetaxratewouldtendtoencourageacompanytoincreaseitsdebtratio.

答案:Thecapitalstructurethatmaximizesstockpriceisgenerallythecapitalstructurethatalsomaximizesearningspershare.

Whichofthefollowingstatementsaboutcapitalstructuretheoryismostcorrect?()

A:Allofthestatementsabovearecorrect.

B:Accordingtothe“trade-offtheory,”anincreaseinthecostsofbankruptcywouldleadfirmstoreducetheamountofdebtintheircapitalstructures.

C:Statementsaandcarecorrect.

D:Signalingtheorysuggestsfirmsshouldinnormaltimesmaintainreserveborrowingcapacitythatcanbeusedifanespeciallygoodinvestmentopportunitycomesalong.

E:Ingeneral,anincreaseinthecorporatetaxratewouldcausefirmstouselessdebtintheircapitalstructures.

答案:Statementsaandcarecorrect.

Asageneralrule,thecapitalstructurethat()

A:Maximizesthepricepershareofcommonstockalsominimizestheweightedaveragecostofcapital.

B:Noneofthestatementsaboveiscorrect.

C:MinimizestheinterestrateondebtalsomaximizestheexpectedEPS.

D:MaximizesexpectedEPSalsomaximizesthepricepershareofcommonstock.

E:Minimizestherequiredrateonequityalsomaximizesthestockprice.

答案:Maximizesthepricepershareofcommonstockalsominimizestheweightedaveragecostofcapital.

Whichofthefollowingstatementsismostcorrect?()

A:Noneofthestatementsaboveiscorrect.

B:Firmswithahighoperatingleveragearemorelikelytorelyondebtfinancing.

C:Firmswhosesalesareverysensitivetochangesinthebusinesscyclearemorelikelytorelyondebtfinancing.

D:Firmswithlargetaxlosscarryforwardsaremorelikelytorelyondebtfinancing.

E:Statementsaandcarecorrect.

答案:Noneofthestatementsaboveiscorrect.

Whichofthefollowingstatementsismostcorrect?()

A:Increasingtheamountofdebtinafirm’scapitalstructureislikelytoincreasethecostsofbothdebtandequityf