Medium Principles of Finance Practice Questions

199 free medium-difficulty Principles of Finance questions, drawn live from KomFi's calibrated bank. The exam backbone: the difficulty band where most scoring happens.

  1. Which account provides a higher effective return?
  2. If the pre-tax cost of debt is 6% and the marginal tax rate is 25%, what is the firm's WACC?
  3. What is the current market price of the bond?
  4. If the required return is 10%, what is the value of the stock using a two-stage DDM?
  5. A firm has FCFF of $100M, interest expense of $20M, a tax rate of 25%, and net new borrowing of $10M. Calculat
  6. What is the Profitability Index (PI) and what does it indicate for capital rationing?
  7. What is the value of a 1-year European call option with a strike price of $100 using the one-period binomial m
  8. The scholarship is intended to grow by 3% annually to keep pace with inflation. If the foundation's required r
  9. A 5-year zero-coupon bond with a face value of 1,000 is curr… — What is the yield to maturity (YTM) of this bo
  10. If the bond is currently trading at $920, what is its current yield?
  11. An investor buys a 1,000 par bond for 1,050. The bond pays a semi-annual coupon of 30. If the bond is sold 6 m
  12. What is the Payback Period of the project?
  13. What is the expected return of the total portfolio?
  14. If revenue increases by 10%, what is the resulting percentage increase in operating income (EBIT)?
  15. A $1,000 face value bond with a 5% annual coupon has 5 years to maturity. If the current market yield is 6%, w
  16. Calculate the Interest Coverage Ratio for a firm with Revenue of 1,000,000, COGS of 600,000, Operating Expense
  17. 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
  18. Assuming no synergies and no deal-related accounting adjustments, what will be the immediate impact on the acq
  19. If the cost of capital is 10%, what is the project's Profitability Index (PI)?
  20. If the marginal tax rate is 30%, what is the Weighted Average Cost of Capital (WACC)?
  21. What is the approximate predicted change in the bond's price?
  22. What is the insurer's Combined Ratio, and what does it indicate about their underwriting profitability?
  23. If the correlation between A and B is 0, what is the expected return of the portfolio?
  24. Under the no-arbitrage principle, what is the implied 1-year forward rate starting one year from now (f(1, 2))
  25. If the cost of capital is 10%, how do the Internal Rate of Return (IRR) and the Modified Internal Rate of Retu
  26. Under the new lease accounting standard (ASC 842), how does the classification of a lease as an 'operating lea
  27. If market yields are expected to rise by 50 basis points, what is the approximate percentage change in the bon
  28. Acquirer A (P/E = 20) is buying Target T (P/E = 15) in an al… — Assuming no synergies and no deal costs, how w
  29. If the expected recovery rate (R) on the debt is 40%, what is the market-implied annual probability of default
  30. With a 25% tax rate, what is the WACC?

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