【判断题】
在计算综合资本成本时,也可以按照债券、股票的市场价格确定其占全部资金的比重
A. 对
B. 错
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答案
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经营杠杆并不是经营风险,而只是放大了经营风险
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最佳资本结构是企业筹资能力最强,财务风险最小的资本结构
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通过发行股票筹资,可以不付利息,因此其成本比举债的成本低
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从某种意义上讲,一项资产或新项目是没有财务风险,只有企业自身才有财务风险
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在经营杠杆系数一定的条件下,权益乘数与总杠杆系数成反比
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资本保全是企业财务管理应遵循的一项重要原则。它要求企业发放的股利或投资分红不得来源于原始投资,而只能来源于企业当期利润或留存收益
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企业在分配收益时,可以随意提取各种公积金
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股票回购可以巩固既定控配权或转移公司控股权,但有可能会降低公司价
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【判断题】
股票分割使公司股票每股市价降低,促进股票流通和交易,但会传递公司发展前景不好的信息
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股利支付率是当年发放股利与当年净利润之比,或每股股利除以每股收益
A. 对
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负债股利是公司面临现金不足但又要顾全信誉而采用的一种股利分配方式,一般以备查帐形式对股东负债
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股权登记日是指有权领取股利的股东资格登记日期,只有在股权登记日后登记在公司股东名册上的股东,才有权分享股利
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【判断题】
股票股利不会引起公司资产的流出或负债的增加,而只涉及股东权益内部结构的调整
A. 对
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【判断题】
在连续通货膨胀的条件下,公司应采取偏紧的股利政策
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股东为防止控制权稀释,往往希望希望公司提高股利支付率
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企业预计将有一投资机会,为降低筹资成本,企业会选择低股利支付政策
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【判断题】
处于成长中的公司多采取低股利政策;陷于经营收缩的公司多采取高股利政策
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【判断题】
发放股票股利并不引起股东权益总额的变化,发放现金股利会减少股东权益总额
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每股收益越高,意味着股东可以从公司分得越高的股利
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【判断题】
15从理论上说,债权人不得干预企业的资金投向和股利分配方案
A. 对
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【判断题】
发放股票股利或进行股票分割,会降低股票市盈率,相应减少投资者的投资风险,从而可以吸引更多的投资者
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【判断题】
判断投资组合调整是否合理有效,其标准就是看收益提高的幅度是否大于风险上升的幅度或风险降低的幅度是否超过收益降低的幅度
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【判断题】
国库券是政府发行的债券,由于有政府作担保,所以没有任何风险
A. 对
B. 错
【判断题】
现行国库券的收益率为10%,平均风险股票的必要收益率为16%,某种股票的p系数为1.5,则该股票的预期报酬率应为19%
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当票面利率大于市场利率时,债券发行时的价格大于债券的面值
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债券的价格会随着市场利率的变化而变化。当市场利率上升时,债券价格下降;当市场利率下降时,债券价格会上升
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投资组合的收益率都不会低于所有单个资产中的最低收益率
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【判断题】
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【判断题】
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利率固定不变的债券,则可避免利率波动的风险
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【判断题】
用市盈率可估计股票的风险。一般认为。市盈率越低,投资风险越小;市盈率越高,投资风险越大
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【判断题】
贝他系数反映个别股票相对于平均风险股票的变动程度的指标。它可以衡量出个别股票的公司特有风险,而不是市场风险
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投资于股票未来现金流入包括两部分:预期股利收益和预期资本利得利益
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对债券投资收益评价时,应以债券价值和到期收益率作为评价债券收益的标准,票面利率不影响债券收益
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计算股票价值的贴现率应当是投资者要求的收益率。可根据股票历史上长期的平均收益率来确定;也可以参照债券的收益率,加上一定的风险报 酬率来确定。更常见的方法是直接使用市场利率
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一般说来,企业进行股票投资风险要小于债券投资风险
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