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1、2023年河北金融英语考试考前冲刺卷本卷共分为1大题50小题，作答时间为180分钟，总分100分，60分及格。一、单项选择题（共50题，每题2分。每题的备选项中，只有一个最符合题意） 1.An analyst does research about cash flow and gathers the following information (in thousands) about a company. 2011 2010 Cost of goods sold $14436 $12471 Inventory (year end) $3876 $5980 Accounts payable (y
2、ear end) $7321 $6432 Based on the information above, cash paid to suppliers (in thousands) in 2011 is cLosest to:（）A. $11443B. $13221C. $156512.An analyst does research about capital budgeting. If the introduction of a new product is expected to decrease sales of an existing product, which of the fo
3、llowing is most accurate to describe the change in the existing products cash flows（）A. Externality.B. Sunk cost.C. Incremental cash flow.3.Pro forma statements are forward-looking financial statements that are based on the assumptions about future business conditions. When conducting pro forma stat
4、ements, which of the following accounts is most likely sales-driven（）A. Tax rate.B. Nonoperating income and expenses.C. Selling, general, and administrative expenses.4.An analyst does research about companys breakeven point and operating breakeven point. If a companys degree of financial leverage is
5、 1.6, the companys breakeven point is most likely:（）A. less than the company's operating breakeven point.B. equal to the company's operating breakeven point.C. greater than the company's operating breakeven point.5.Cooper Corp. reports the following information about its common shares: M
6、arket price per share is $40 Book value per share is $ 0 20 million shares outstanding Earnings per share is $2.50 If Cooper Corp. repurchases two million shares at the market price, the book value per share after the repurchase is closest to:（）A. $16.0B. $17.8C. $22.26.An analyst does research abou
7、t asset beta and gathers the following information about a company: Market value of equity is $900000 Book value of equity is $1100000 Market value of debt is $1000000 Book value of debt is $950000 Equity beta is 2.3 Marginal tax rate is 40%（）Assuming the company's debt has no market risk, the c
8、ompany's asset beta is closest to:A. 1.36B. 1.38C. 1.497.An analyst does capital budgeting about two independent projects. Project Net Present Value Internal Rate of Return 1 $150 18% 2 $200 15% If the investors required rate of return is 12%, which project should most likely be accepted（）A. Pro
9、ject 1.B. Project 2.C. Projectl and Project 2.8.Capital budgeting process is the process of identifying and evaluating capital budgeting with four administrative steps. The most important step in the capital budgeting process is:（）A. forecasting cash flows.B. generating good investment ideas.C. anal
10、yzing individual proposals.9.An analyst is classifying different types of risks. The risk arising from a companys obligation to meet required payments under its agreements is best classified as:（）A. total risk.B. financial risk.C. operating risk.10.An analyst does research about weighted average cos
11、t of capital and gathers the following information about a company: Capital Source Market Value (millions) Before-tax Cost of Capital Bonds $150 5% Preferred stock $50 6% Common stock $300 10% Based on the information above, if the companys marginal tax rate is 35%, its weighted average cost of capi
12、tal is closest to:（）A. 7.0%B. 7.6%C. 8.1%11.An analyst does research about yield to maturity and gathers the following information about a corporate bond paying interest semiannually: Par value $1000 Maturity 10 years Coupon rate 6% If the bond is currently selling for $980 and expected inflation is
13、 5%, the bonds yield to maturity is closest to:（）A. 3.14%B. 6.28%C. 6.47%12.An analyst does research about index management. Which of the following indexes is most likely to be rebalanced frequently（）A. Price-weighted index.B. Equal-weighted index.C. Market-capitalization weighted index.13.An analys
14、t does research about equity valuation of Yelp Industry. Yelps dividend growth rate is 6% and its dividend retention ratio is 60%. If the justified forward price-to-earnings ratio on Yelps stock is 16, the implied required rate of return on equity is closest to:（）A. 3.50%B. 8.50%C. 9.75%14.An analys
15、t does research about margin transaction. An investor borrows $8000 to purchase 1000 shares of stock on margin, the price of a share is $20, the investors leverage ratio is closest to:（）A. 0.40B. 1.67C. 2.5015.An analyst does research about security market indices and gathers the following information about market-capitalization-weighted index consisting of the shares of three companies: Company BeginningShare Prices EndingShare Prices DividendsPer Share SharesOutstanding A $26 $21 $1.60 300 B $51 $46 $2.10 300 C $11 $13 $3.10 400 The price retum on the ind
