(1) Vincent Swift is a risk neutral investor, he will choose
(A)A
(B)B
(C)C
(D)D

(2) Here are cash flow forecasts for two mutually exclusive projects.Based on NPV, which project would you choose if the opportunity cost of capital is 12%? (A) A, (B) B, (C)the same, (D)cannot be decided.

(3) Based on M&M model, A firm has a debt-to-equity ratio of 1.0. If it had no debt, its cost of equity would be 15%. Its cost of debt is 10%. What is its cost of equity if there are no taxes or other imperfections? (A)21%. (B)18%. (C)15%. (D)20%.

(4) Both call and put options are impacted by the ex-dividend date. Put options become more and Call options become________ due to the dividend payment. (A) expensive, expensive (B)cheaper, cheaper (C)expensive, cheaper (D)cheaper, expensive.

(5) A company (NTU Ltd) that has paid a dividend of $4 this year. Assuming a higher growth for the next 3 years at 12% and stable growth of 6% thereafter, let's calculate the value of the stock using a two-stage dividend discount model. The required rate of return is 10%. (A)4.48 (B)5.95 (C)124.33 (D)154.54

110年 - 110 國立臺灣大學_碩士班招生考試_財務金融研究所乙組:財務管理與財金數學(含微分方程、線性代數)#102120