cost-of-capital-structure — Principles of Finance Practice Questions

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  1. What is its Degree of Financial Leverage (DFL)?
  2. Using Hamada's equation, what is the levered beta (β_L) of a firm if its unlevered beta (β_U) is 0.90, its deb
  3. Using the Gordon Growth Model assumptions, what is the firm's sustainable growth rate (g)?
  4. If a firm increases its use of financial leverage (debt) while its operating income (EBIT) remains constant, w
  5. If a company has a Negative Free Cash Flow to the Firm (FCFF) but a Positive Net Income, what is the most like
  6. If the pre-tax cost of debt is 6% and the marginal tax rate is 25%, what is the firm's WACC?
  7. If revenue increases by 10%, what is the resulting percentage increase in operating income (EBIT)?
  8. Calculate the Interest Coverage Ratio for a firm with Revenue of 1,000,000, COGS of 600,000, Operating Expense
  9. If the private company intends to operate with a D/E ratio of 1.00 and faces the same tax rate, what is its re
  10. If the marginal tax rate is 30%, what is the Weighted Average Cost of Capital (WACC)?
  11. What is the insurer's Combined Ratio, and what does it indicate about their underwriting profitability?
  12. With a 25% tax rate, what is the WACC?
  13. What is the company's Weighted Average Cost of Capital (WACC)?
  14. Assuming a tax rate of 20% and applying Hamada's equation, what is the estimated levered beta for the private
  15. If the firm targets a new capital structure with a debt-to-equity ratio of 0.80, what will be its new levered
  16. Why is EV/EBITDA often preferred over the P/E ratio when comparing companies with different capital structures
  17. According to the 'Lintner Model' of dividend setting, how do firms typically adjust their dividend payouts?
  18. Why do practitioners typically prefer Enterprise Value (EV) multiples like EV/EBITDA over Equity multiples lik
  19. If the deal is financed 100% with stock and there are no synergies, how will the acquirer's Earnings Per Share
  20. If the company pays $60 million in dividends, what is the 'Retention Ratio' (b)?
  21. What weight should be assigned to equity in the WACC calculation?
  22. Which of the following describes the key difference between Free Cash Flow to the Firm (FCFF) and Free Cash Fl
  23. Assuming no synergies and no deal costs, how will the acquirer's Earnings Per Share (EPS) likely change immedi
  24. Using Hamada’s Equation, if an unlevered firm has a beta of 0.94, what will be its levered beta if it adopts a
  25. If the marginal tax rate is 25% and invested capital is defined as total debt plus equity, what is the firm's
  26. If the target payout ratio is 40% and the speed of adjustment coefficient is 0.5, what is the new dividend?
  27. Using Hamada's equation and assuming the same tax rate, what is the relevered beta for the target?
  28. If it pays 20M in dividends and spends 30M on share repurchases, what is its Free Cash Flow Yield?
  29. If the cost of equity is 12%, the pre-tax cost of debt is 8%, and the tax rate is 25%, what is the company's W
  30. Using Hamada's equation, what is the relevered beta for the target firm?

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