第31題
　　Which of the following statements concerning bond ratings is correct?
　　1、 U.S. Treasury bonds are not rated.
　　2、 Bond ratings may be adjusted only down (but not up) during the life of a bond.
　　3、 Bonds rated as junk bonds have a lower-than-average chance of high yields.
　　4、 Bond ratings apply to the bond issue and the company.
　　第32題
　　All of the following accurately describe preferred stock except
　　1、 Preferred stock issues may have a stated call price.
　　2、 Preferred stock dividends paid are based on earnings.
　　3、 Preferred stock typically has no maturity date.
　　4、 Preferred stock dividends are paid before common stock dividends.
　　第33題
　　Legal responsibilities of a bond trustee include all of the following except
　　1、 ensuring that interest payments are properly paid and applied.
　　2、 authenticating the bond issue's legality.
　　3、 defining sinking fund terms.
　　4、 administering redemption.
　　第34題
　　Which of the following statements differentiates debt capital from equity capital?
　　1、 Debt capital is derived from the issuance of interest-bearing instruments; equity capital is derived from permanent investments by shareholders.
　　2、 Debt capital is derived from retained earnings; equity capital is derived from the issuance of notes, bonds, or loans.
　　3、 Debt capital is a function of receivables, inventories, and payables; equity capital is a function of stock issues.
　　4、 Debt capital is a function of stock issues; equity capital is a function of receivables, inventories, and payables.
　　第35題
　　Megatech Inc. is a large publicly-held firm. The treasurer is making an analysis of the short-term financing options available for the third quarter, as the company will need an average of $8 million for the month of July, $12 million for August, and $10 million for September. The following options are available.
　　I, Issue commercial paper on July 1 in an amount sufficient to net Megatech $12 million at an effective rate of 7% per year. Any temporarily excess funds will be deposited in Megatech’s investment account at First City Bank and earn interest at an annual rate of 4%.
　　II，Utilize a line of credit from First City Bank with interest accruing monthly on the amount utilized at the prime rate, which is estimated to be 8% in July and August and 8.5% in September. Based on this information, which one of the following actions should the treasurer take?
　　1、 Use the line of credit, since it is approximately $15,000 less expensive than issuing commercial paper.
　　2、 Use the line of credit, since it is approximately $5,800 less expensive than issuing commercial paper.
　　3、 Issue commercial paper, since it is approximately $14,200 less expensive than the line of credit.
　　4、 Issue commercial paper, since it is approximately $35,000 less expensive than the line of credit.
網(wǎng)校二維碼
掃一掃微信，*9時(shí)間關(guān)注CMA考試時(shí)間提醒

        高頓網(wǎng)校特別提醒：已經(jīng)報(bào)名2014年CMA考試的考生可按照復(fù)習(xí)計(jì)劃有效進(jìn)行！另外，高頓網(wǎng)校2014年CMA考試輔導(dǎo)高清課程已經(jīng)開通，通過針對性地講解、訓(xùn)練、答疑，對學(xué)習(xí)過程進(jìn)行全程跟蹤、分析、指導(dǎo)，可以幫助考生全面提升備考效果。
 
　　報(bào)考指南： 2014年CMA考試報(bào)考指南 
　　考前沖刺：CMA考試試題   考試輔導(dǎo)