公司理财(英文版)题库4.DOC
文本预览下载声明
CHAPTER 4
Discounted Cash Flow Valuation
Multiple Choice Questions:
I. DEFINITIONS
ANNUITY
a 1. An annuity stream of cash flow payments is a set of:
a. level cash flows occurring each time period for a fixed length of time.
b. level cash flows occurring each time period forever.
c. increasing cash flows occurring each time period for a fixed length of time.
d. increasing cash flows occurring each time period forever.
e. arbitrary cash flows occurring each time period for no more than 10 years.
Difficulty level: Easy
ANNUITIES DUE
e 2. Annuities where the payments occur at the end of each time period are called _____ , whereas _____ refer to annuity streams with payments occurring at the beginning of each time period.
a. ordinary annuities; early annuities
b. late annuities; straight annuities
c. straight annuities; late annuities
d. annuities due; ordinary annuities
e. ordinary annuities; annuities due
Difficulty level: Easy
PERPETUITY
c 3. An annuity stream where the payments occur forever is called a(n):
a. annuity due.
b. indemnity.
c. perpetuity.
d. amortized cash flow stream.
e. amortization table.
Difficulty level: Easy
STATED INTEREST RATES
a 4. The interest rate expressed in terms of the interest payment made each period is called the _____ rate.
a. stated annual interest
b. compound annual interest
c. effective annual interest
d. periodic interest
e. daily interest
Difficulty level: Easy
EFFECTIVE ANNUAL RATE
c 5. The interest rate expressed as if it were compounded once per year is called the _____ rate.
a. stated interest
b. compound interest
c. effective annual
d. periodic interest
e. daily interest
Difficulty level: Easy
ANNUAL PERCENTAGE RATE
b 6. The interest rate charged per period multiplied by the number of periods per year is called the _____ rate.
a. effective annual
b. annual percentage
c. periodic interest
d. compound interest
e. daily interest
Difficulty level: Easy
II. CONCEPTS
ORDINARY ANNUITY VERSUS
显示全部