重要提示：
请勿将账号共享给其他人使用，违者账号将被封禁！
题目内容
（请给出正确答案）
The following scenario relates to questions 6 to 10.
Ring Co has in issue ordinary shares with a nominal value of $0·25 per share. These shares are traded on an efficient capital market. It is now 20X6 and the company has just paid a dividend of $0·450 per share. Recent dividends of the company are as follows:
Ring Co also has in issue loan notes which are redeemable in seven years’ time at their nominal value of $100 per loan note and which pay interest of 6% per year.
The finance director of Ring Co wishes to determine the value of the company.
Ring Co has a cost of equity of 10% per year and a before-tax cost of debt of 4% per year. The company pays corporation tax of 25% per year.
Using the dividend growth model, what is the market value of each ordinary share？
A.$8·59
B.$9·00
C.$9·45
D.$7·77
What is the market value of each loan note？A.$109·34
B.$112·01
C.$116·57
D.$118·68
The finance director of Ring Co has been advised to calculate the net asset value (NAV) of the company.
Which of the following formulae calculates correctly the NAV of Ring Co？
A.Total assets less current liabilities
B.Non-current assets plus net current assets
C.Non-current assets plus current assets less total liabilities
D.Non-current assets less net current assets less non-current liabilities
Which of the following statements about valuation methods is true？A.The earnings yield method multiplies earnings by the earnings yield
B.The equity market value is number of shares multiplied by share price, plus the market value of debt
C.The dividend valuation model makes the unreasonable assumption that average dividend growth is constant
D.The price/earnings ratio method divides earnings by the price/earnings ratio
Which of the following statements about capital market efficiency is/are correct？
(1) Insider information cannot be used to make abnormal gains in a strong form. efficient capital market
(2) In a weak form. efficient capital market, Ring Co’s share price reacts to new information the day after it is announced
(3) Ring Co’s share price reacts quickly and accurately to newly-released information in a semi-strong form. efficient capital market
A.1 and 2 only
B.1 and 3 only
C.3 only
D.1, 2 and 3
请帮忙给出每个问题的正确答案和分析，谢谢！
更多“The following scenario relates to questions 6 to 10.Ring Co has in issue ordinary shares w”相关的问题
第1题
Determine the proper classification(s) of the asset discussed in the following scenario: Judge Marshall purchased a new gold-trimmed gavel to decorate his living room.
I.Personal use property.IV.Intangible property.
II.Business use property.V.Real estate.
III.Tangible property.VI.Personal property.()
A、Statements I and III are correct
B、Only statement VI is correct
C、Statements II and III are correct
D、Statements II, III, and VI are correct
E、Statements I, III and VI are correct
客服
TOP
警告：系统检测到您的账号存在安全风险
为了保护您的账号安全，请在“上学吧”公众号进行验证，点击“官网服务”-“账号验证”后输入验证码“”完成验证，验证成功后方可继续查看答案！
