[CFA level 1模拟真题]Version 4 Questions－Q39 following, available, currently, additional, class

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Q39. Cambridge Consolidated plans to borrow $10 million, which it will use to repurchase 100,000 of their 1,100,000 shares currently outstanding. The following additional information is available:

Share price at the time of the buyback           $40.00

Earnings Per Share (EPS) before the buyback     $4.00

Earnings yield (E/P)                         10.0%

After-tax cost of borrowing                   6.0%

The EPS after the buyback will be closest to:

A.      $3.76

B.      $4.00

C.      $4.16

D.     $4.40

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答案和详解如下：

Q39.  C  Study Session: 11-50-c

Earnings=4*1,100,00=$4,400,000

After. tax cost of funds=100,000 shares*$40*0.06=$240,000

hollow

谢谢

LEEFEI571

选C

水模样

3.76

emiumiu

A

jungle1009

see[em01]

wangxuepin

d

47dx

c

fantasy_ln

see