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Chap006 TRẮC NGHIỆM QUẢN TRỊ TÀI CHÍNH BẰNG TIẾNG ANH

Chapter 06
Discounted Cash Flow Valuation


1.

An ordinary annuity is best defined by which one of the following?

A
in
.cr
e
as
in
g
p
ay
m
e
nt
s

p
ai
d
fo
r
a
d
e
fi
ni
ti
ve
p
er
io
d
of
ti
m
e


B
in
.cr
e
as
in
g
p
a
y
m
e
nt
s
p
ai
d
fo


re
v
er


C
e
.q
u
al
p
ay
m
e
nt
s
p
ai
d
at
re
g
ul
ar
in
te
rv
al
s
ov
er
a
st
at
e
d
ti
m
e
p
er
io
d


D
e
.q
u
al
p
ay
m
e
nt
s
p
ai
d
at
re
g
ul
ar
in
te
rv
al
s
of
ti
m
e
o
n
a
n
o
n
g
oi
n
g
b
as
is


E
u
.n
e
q
u
al
p
ay
m
e
nt
s
th
at
oc
cu
r
at
se
t
in
te
rv
al
s
fo
r
a
li
m
it
e
d
p
er
io
d
of
ti
m
e



2.

Which one of the following accurately defines a perpetuity?

A
a
.li
m
it
e
d
n
u
m
b
er
of
e
q
u
al
p
ay
m
e
nt
s
p
ai
d
in
ev
e
n
ti
m
e
in
cr
e
m
e
nt
s


B
p
.ay
m
e
nt
s
of
e
q
u
al
a
m
o
u
nt
s
th
at
ar
e
p
ai
d
irr
e
g
ul
ar
ly
b
ut
in
d
e
fi
ni
te
ly


C
va
.ry
in
g
a
m
o
u
nt
s
th
at
ar
e
p
ai
d
at
ev
e
n
in
te
rv
al
s
fo
re
ve
r


D
u
.n
e
n
di
n
g
e
q
u
al
p
ay
m
e
nt
s
p
ai
d
at
e
q
u
al
ti
m
e
in
te
rv
al
s


E
u
.n
e
n
di
n
g
e
q
u
al
p
ay
m
e
nt
s
p
ai
d
at
ei
th
er
e
q
u
al
or
u
n
e
q
u
al
ti
m
e
in
te
rv
al
s




3.

A monthly interest rate expressed as an annual rate would be an
example of which one of the following rates?

Ast
.at
e
d
r
at
e
B
di
.sc
o
u
nt
e
d
a
n
n
u
al
ra
te
C
e
.f
e
ct
iv
e
a
n
n
u
al
ra
te


D
p
.er
io
di
c
m
o
nt
hl
y
ra
te
Ec
.o
ns
ol
id
at
e
d
m
o
nt
hl
y
ra
te



4.

Which one of the following terms is used to describe a loan wherein
each payment is equal in amount and includes both interest and
principal?

Aa
.m
or
ti
z
e
d
lo
a
n
Bm
.o
di
fi
e
d
lo
a
n
Cb
.al
lo
o
n
lo
a
n
D
p
.ur
e
di
sc
o
u
nt
lo
a
n


Ein
.te
re
st
o
nl
y
lo
a
n



5.

Which one of the following compounding periods will yield the
smallest present value given a stated future value and annual
percentage rate?

Aa
.n
n
u
al
Bs
.e
m
ia
n
n
u
al
Cm
.o
n
t
hl
y
Dd
.a
il
y
Ec
.o
n
ti
n
u
o
u
s
Refer to section 6.3



6.

Your grandmother is gifting you $125 a month for four years while
you attend college to earn your bachelor's degree. At a 6.5 percent
discount rate, what are these payments worth to you on the day you
enter college?



7.

Western Bank ofers you a $21,000, 9-year term loan at 8 percent
annual interest. What is the amount of your annual loan payment?


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