AFP Certified Treasury Professional 認定 CTP 試験問題:

1. Company XYZ has determined that its weighted average cost of capital is 12.5%. The capital structure of the company is made up of 75% equity and 25% debt. The before-tax cost of debt is 10%. Given a tax rate of
34%, what is XYZ's cost of common stock?

A) 15.25%
B) 16.53%
C) 14.47%
D) 13.25%

2. Recent improvements in the effectiveness of corporate governance are mostly due to the:

A) Gramm-Leach-Bliley Act.
B) Financial Crimes Enforcement Act.
C) Securities Exchange Act.
D) Sarbanes-Oxley Act.

3. During a company's cash flow analysis review it discovers that for every 10 new customers it gains, there is an increase of 2% in its float costs associated with the payment methods it offers. If the company pursues faster collection methods for payments, resulting in greater availability of surplus cash with a correlating decrease in the need to issue commercial paper, what risk will the company mitigate?

A) Float
B) Liquidity
C) Disbursement
D) Settlement

4. A retail company is performing a risk analysis on its accepted payment types. Cash is the primary form of payment for this retailer. What is the PRIMARY issue with cash payment systems?

A) Security and integrity
B) Cash-based accounting practices
C) Weight of cash
D) Cost of processing

5. A utility company is evaluating whether or not it should build a new plant. The process of reviewing the quantitative and qualitative factors are an example of which finance function?

A) Financial planning
B) Funding
C) Financial risk management
D) Capital budgeting

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