李同学2019-02-21 16:07:51
03.单选题 收藏 标记 纠错 Which of the following situations is the least likely reason why the marginal cost of capital schedule for a company rises as additional funds are raised? A The company seeks to issue less senior debt because it violates the debt incurrence test of an existing debt covenant. B The cost of additional funds from various sources rises as higher levels of financing are achieved. C The company deviates from its target capital structure because of the economies of scale associated with flotation costs and market conditions. 查看解析 上一题 提交试卷 正确答案B 您的答案C本题平均正确率:36% WACC难度:困难 推荐: 答案解析 B is correct. 问: A,B,C选项可否简易的中文翻译一下 再配合个小例子说明一下,选项没有看懂
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Amy2019-02-21 19:02:51
同学你好,题目的意思是:当公司另外筹措资金时,资金的成本会上升。下列哪一个选项不能解释为什么会出现这种情况?
A选项:因为现有债券条款的限制,公司不能够另外发行同等级别的senior debt,所以它在筹集多余的资金时,只能选择级别更低的less senior debt,而这种债券的成本较高,会导致总资金成本升高。
B选项:只要保持原有的资金结构,公司从多种渠道进行另外的融资不会是资金成本上升,不符合题目的要求。
C选项:因为发行费和市场状况的改变,导致不能实现原有的理想的资本结构,这会使公司在筹措多余的资金时,总的资金成本升高。
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