（英译中）fence（）

答案

是

发布时间：2023-01-24

更多“（英译中）fence（）”相关的问题

第1题

按有关原则规定翻译下列短语。to sit on the fence

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第2题

John jumped over the fence, ran across the field and disappearing into the woods.

A.jumped

B.disappearing

C.into

D.wogds

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第3题

The equity beta of Fence Co is 0·9 and the company has issued 10 million ordinary shares.

The market value of each ordinary share is $7·50. The company is also financed by 7% bonds with a nominal value of $100 per bond, which will be redeemed in seven years’ time at nominal value. The bonds have a total nominal value of $14 million. Interest on the bonds has just been paid and the current market value of each bond is $107·14.

Fence Co plans to invest in a project which is different to its existing business operations and has identified a company in the same business area as the project, Hex Co. The equity beta of Hex Co is 1·2 and the company has an equity market value of $54 million. The market value of the debt of Hex Co is $12 million.

The risk-free rate of return is 4% per year and the average return on the stock market is 11% per year. Both companies pay corporation tax at a rate of 20% per year.

Required:

(a) Calculate the current weighted average cost of capital of Fence Co. (7 marks)

(b) Calculate a cost of equity which could be used in appraising the new project. (4 marks)

(c) Explain the difference between systematic and unsystematic risk in relation to portfolio theory and the capital asset pricing model. (6 marks)

(d) Discuss the differences between weak form, semi-strong form. and strong form. capital market efficiency, and discuss the significance of the efficient market hypothesis (EMH) for the financial manager. (8 marks)

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第4题

partial refund(英译中)

partial refund（英译中)

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第5题

I will take the beefsteak.（英译中）

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第6题

How long do we have to wait？英译中

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第7题