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Fall 2017 (Version A) SEC 39. Which one of the following correctly describes the

ID: 2803855 • Letter: F

Question

Fall 2017 (Version A) SEC 39. Which one of the following correctly describes the dividend yield? a. next year's annual dividend divided by today's stock price D. this year's annual dividend divided by today's stock price c. this year's annual dividend divided by next year's expected stock price d. next years annual dividend divided by this year's annual dividend e the increase in next year's dividend over this year's dividend divided by this year's dividend 40 Which of the following is NOT a capital component when calculating the weighted average cost of capital (WACC) for use in capital budgeting? a. Long-term debt. b. Accounts payable c. Retained earnings. d. Common stock. e. Preferred stock. 41. What is the beta of the following portfolio? Amount Stock Beta $6,700 $3,000 $8,500 070 1.41 1.23 a. 0.95 b. 1.01 c. 1.05 d. 1.09 e. 1.23 42. A stock has a required return of 11 percent, the risk-free rate is 5.2 percent, and the market risk premium is 5 percent. What is the stock's beta? a. 1.08 b. 1.16 c. 1.29 d. 1.32 e. 1.35

Explanation / Answer

Requirement 39:

Dividend Yield = Dividend / StocK Price

Correct Option is

b) This year's annual dividend divided by this today's stock price.

Requirement 40:

In calculating WACC, the following are the capital components:

1)Common Stock

2)Preferred Stock

3)Long term debt

4)Retained Earnings

Accounts Payable doesnt come under Capital Component.

Correct Option is b) Accounts Payable

Requirement 41:

Correct Option is d) 1.09

Requirement 42:

Required Return = Risk Free Rate + (Beta * Market Risk Premium)

11% = 5.2% + (Beta * 5%)

5.8 = 5*Beta

Beta = 1.16

Correct Option is b)1.16

Stock Investment Weight Stock Beta Weighted Beta A 6700 0.36813187 1.41 0.5190659 B 3000 0.16483516 1.23 0.2027473 C 8500 0.46703297 0.79 0.368956 18200 1.0907692