CVA 試験問題を無料オンラインアクセス

If Paola Pizza Parlors stock started the year at $10 per share, paid $0.50 in cash dividends during the year, and ended the year ay $11.50 per share, then the total investment yield or rate of return for the year would be:

• A.0.10
• B.0.50
• C.0.30
• D.0.20

The purpose/s of requesting financial information, in the valuation process, regarding equipment lists, aged receivables, aged payables and prepaid expenses is/are:

• A.such information may assist in distinguishing excess invested capital
• B.To give the analyst familiarity with the accounting policies of the company
• C.To alert the analyst to special situations that could affect the valuation
• D.Both A and B

"Fair value" means the value of the corporation's shares determined:

• A.That the majority states use the pre-1999 definition
• B.Immediately after the effectuation of the corporate actions to which the shareholder objects
• C.Using customary and current valuation concepts and techniques generally employed for similar businesses in the context of the transaction requiring appraisal
• D.Without discounting for lack of marketability or minority status except, if appropriate, for amendments to the articles...

Factors affecting the value of preferred stock are all of the following EXCEPT:

• A.Redemption privilege
• B.Stated dividend rate and the risk associated with payment of it
• C.Cumulative versus noncumulative dividends
• D.Lack of marketability discount

is computed by reverse re-engineering the price of a publicly traded option on the same underlying stock. This is the one when used in the Black-Scholes model along with the other
four
known variables results in a calculated value that matches the market price of the publicly traded options.

• A.Both A& C
• B.Volatility of closely held companies
• C.Historical price volatility
• D.Implied price volatility