CFA Level 1 － 模考试题(1)(PM) Q76 normal, 考试题, style, class

sunlimei

 

 

Question 76

Marvin Corporation plans to raise $600 million in new equity capital to purchase an automated material handling system. Marvin’s most recent dividend was $1.25 per share and long-term dividend growth is expected to be 5%. The current price of Marvin’s common shares is $40 and flotation costs for the new equity are expected to be 6%. Which of the following should Marvin use as the component cost of new equity when deriving the discount rate for analysis of the planned project?

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2008 CFA Level 1 － Exam 1 （PM）Q76

2008-5-10 15:34

[此贴子已经被作者于2008-11-8 9:41:46编辑过]

sunlimei

答案和详解如下！

Question 76

Marvin Corporation plans to raise $600 million in new equity capital to purchase an automated material handling system. Marvin’s most recent dividend was $1.25 per share and long-term dividend growth is expected to be 5%. The current price of Marvin’s common shares is $40 and flotation costs for the new equity are expected to be 6%. Which of the following should Marvin use as the component cost of new equity when deriving the discount rate for analysis of the planned project?

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This question tested from Session 11, Reading 45, LOS k

jossie

d

wemhugh

thanks

wj_cathy

ds

road234

啊

vivian630

ThanQ

wlzh0202

3x!

snoopy55

good

edisonzpz

[em02]