旋剥经降贸墨去号 公司理财 QUIZ 5 I.True or False 1.In the case of a leveraged lease,the lessor must provide a minimum of 20 percent equity. 2.An operating lease is a noncancelable agreement. 3.A financial lease is an agreement that provides the lessee with use of an asset on a period-by-period basis. 4.Conversion can occur in one of two ways:voluntary or exercised. 5.A company receives interest rate swaps at the time warrants are exercised. 6.The exercise price of a warrant is the price at which the holder can purchase common stock of the issuing company. 7.The longer the time remaining before the option expires,the higher the option value,all other things being equal. 8.The primary reason for issuing a warrant with a fixed-income security is that warrants tend to lower agency costs 9.No market exists for rights because a market price is not established for them. 10.The market value of a convertible debt issue is usually above the conversion value. ll.Multiple Choice 1.The company rents a machine costing $60,000.Rent is paid at the beginning of each year for 4 years.The yield rate is 10%.The annual rent is: A.$15,000 B.$17,207 C.$18,928 D.$19,232 2.Which of the following is not a sensible reason for leasing,rather than buying,equipment? 第1页共3页公司理财 QUIZ 5 I．True or False 1. In the case of a leveraged lease, the lessor must provide a minimum of 20 percent equity. 2. An operating lease is a noncancelable agreement. 3. A financial lease is an agreement that provides the lessee with use of an asset on a period-by-period basis. 4. Conversion can occur in one of two ways: voluntary or exercised. 5. A company receives interest rate swaps at the time warrants are exercised. 6. The exercise price of a warrant is the price at which the holder can purchase common stock of the issuing company. 7. The longer the time remaining before the option expires, the higher the option value, all other things being equal. 8. The primary reason for issuing a warrant with a fixed-income security is that warrants tend to lower agency costs. 9. No market exists for rights because a market price is not established for them. 10. The market value of a convertible debt issue is usually above the conversion value. II．Multiple Choice 1. The company rents a machine costing $60,000. Rent is paid at the beginning of each year for 4 years. The yield rate is 10%. The annual rent is: A. $15,000 B. $17,207 C. $18,928 D. $19,232 2. Which of the following is not a sensible reason for leasing, rather than buying, equipment? 第 1 页 共 3 页