{ THÔNG TIN TRƯỜNG } CQ6022CLC TEST 1.

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Thời gian làm bài: 40 phút (Không kể thời gian giao đề)

Thí sinh:
Trắc nghiệm:
Mã bài làm:

Câu 1. Mr.A borrows from the bank VND 500 million with the interest rate of 12% compounded yearly.
The borrrowing contract lasts 5 years. Mr.A has to pay a fixed amount of money at the end of each year
(starting from today). The principal amount of money that Mr.A has to pay at the end of year 2 is:
A. VND 88,14 million B. VND 86,65 million
C. VND 84,55 million D. VND 82,36 million

✓
Đáp án đúng: A B C D
A

Câu 2. The agency problem will occur in a busisness if the goal of______is not in line with ____
A. Shareholder, the public B. Managers, shareholders
C. Managers, the government D. Employees, managers

✓
Đáp án đúng: B A C D
B

Câu 3. Which form of business structure is most associated with agency problem?
A. Partnership B. Limited liability company
C. Sole proprietorship D. Corporation

✓
Đáp án đúng: D A B C
D

Câu 4. Which of the following questions are addressed by financial managers?

I. How should a product be marketed?
II. Should customers be given 30 or 45 days to pay for their credit purchases?
III. Should the firm borrow less money?
IV.Who should be recruited for the sales department?
V.Should the firm acquire new equipment?
A. II and V only B. All of the above
C. I and IV only D. II, III and V only

✓
Đáp án đúng: D A B C
D 1
Câu 5. When two investments have the different expected returns:
A. The investment with higher standard deviation has higher risk.
B. The investment with higher coefficient of variation (CV) has lower risk
C. The investment with higher coefficient of variation (CV) has higher risk
D. The investment with higher standard deviation has lower risk.

✓
Đáp án đúng: C A B D
C

Câu 6. Which one of the following forms of business organization is best suited to raising large amounts
of capital?
A. Sole proprietorship B. Corporation
C. Limited liability company D. General partnership

✓
Đáp án đúng: B A C D
B

Câu 7. Which of the following risk can be reduced by diversification?

A. Market risk B. Systematic risk
C. Unsystematic risk D. Interest rate risk

✓
Đáp án đúng: C A B D
C

Câu 8. Which one of the following best states the primary goal of financial management?
A. Maximize the current value per share
B. Increase cashflow and avoid financial distress
C. Minimize operational costs while maximize firm efficiency
D. Maximize current dividends per share

✓
Đáp án đúng: A B C D
A

Câu 9. The new issue of shares takes place in:

A. The primary market B. The money market
C. The secondary market D. The capital market

✓
Đáp án đúng: A B C D
A 2
Câu 10. Commercial paper is issued in:
A. Equity market B. Capital market
C. Money market D. Fixed-income market

✓
Đáp án đúng: C A B D
C

Câu 11. Which statement of the following is incorrect?

I. Dividend policy is related to the distribution of profit before tax
II. A firm can choose between debt and equity to raise money
III. Working capital management is related to long-term investment in fixed asset
IV.A new share issue is carried out in the primary market
V. A firm needs to evaluate customer creditworthiness before granting them credit sales
A. I and IV only B. II and IV only
C. I and III only D. I, II and III only

✓
Đáp án đúng: C A B D
C

Câu 12. A business created as a distinct legal entity and treated as a legal “person” is called a:
A. Sole proprietorship B. Unlimited liability company
C. Partnership D. Corporation

✓
Đáp án đúng: D A B C
D

Câu 13. The choice between debt and equity financing can be called as:
A. The working capital management B. The divididend decision
C. The capital structure decsion D. The capital budgeting decision

✓
Đáp án đúng: C A B D
C

Câu 14. Which of the following statement is correct about the corporation?
A. The owner of a corporation has unlimited liability for business debts
B. A corporation can be public or private held
C. The manager is usually the owner of a corporation
D. The corporation’s owner and business are not taxed seperately
3
 ✓
Đáp án đúng: B A C D
B

Câu 15. Which of the following are not financial institutions?

A. Technology companies B. Commercial banks
C. Insurance companies D. Investment banks

✓
Đáp án đúng: A B C D
A

Câu 16. Which one of the following is not a money market securities?
A. Commercial paper B. National savings certificate
C. Certificate of deposit D. Treasury Bills

✓
Đáp án đúng: B A C D
B

Câu 17. The coefficients of variations is calculated by:

A. Expected rate of return/ Standard deviation
B. Variance/Expected rate of return
C. Expected rate of return/Variance
D. Standard deviation/Expected rate of return.

✓
Đáp án đúng: D A B C
D

Câu 18. The financing decision is also called as:

A. The dividend decision B. The capital structure decision
C. The investment decision D. The working capital management

✓
Đáp án đúng: B A C D
B

Câu 19. The decision function of financial management can be broken down into________decisions.
A. Cash management, investment, dividend
B. Financing, investment and dividend
C. Financing, investment and asset management
D. Capital budgeting, cash management and dividend

4
 ✓
Đáp án đúng: B A C D
B

Câu 20. The firm’s investment decision is also called as the:

A. Dividend decision B. Liquidity decision
C. Financing decision D. Capital budgeting decision

✓
Đáp án đúng: D A B C
D

Câu 21. A business owned by a solitary individual who has unlimited liability for its debt is called a:
A. general partnership. B. corporation.
C. limited liability company. D. sole proprietorship.

✓
Đáp án đúng: D A B C
D

Câu 22. Calculate the Future value at the end of year 3 of following series of cashflows: 1000$ at the end
of year 1, 1500$ at the end of year 2; 1200$ at the end of year 3 with interest rate of 7% compounded
semianually. Effective annual rate (EAR) is closest to:
A. FV= 3954$; EAR = 7% B. FV= 3700$; EAR = 7%
C. FV= 3954$; EAR = 7,12% D. FV= 3700$; EAR = 7,12%

✓
Đáp án đúng: C A B D
C

Câu 23. Firm X intends to pay VND 3000 per share next year. If Firm X continuously pays its dividend
with the constant growth rate of 6%, assuming discount rate at 12%, what is today price of Firm X’s
share?
A. VND 55.000 B. VND 65.000
C. VND 60.000 D. VND 50.000

✓
Đáp án đúng: D A B C
D

Câu 24. Calculate the present value of 5-year annuity due with annual payment of 1000$, assuming
interest rate is 10%
A. 4286 B. 4169 C. 4273 D. 4125

✓
Đáp án đúng: B A C D
B
5
Câu 25. ABC company is considering two proposals from suppliers to buy a machine. The supplier
requires VND 1400 million payments immediately after receiving the machine. The supplier also allows
ABC company to pay VND 200 million after receiving the machine and VND 250 million at the end of
each year in the next 8 years. What is the discount rate of the deferred payment method?
A. 13.5% B. 11.4% C. 14.2% D. 12.9%

✓
Đáp án đúng: D A B C
D

Câu 26. How much money you have to deposit in the bank today if you want to get 8000$ after 5
years. Assuming that the stated annual rate at 10%, compounding semi-annually.
A. 4815 B. 4625 C. 4911 D. 4170

✓
Đáp án đúng: C A B D
C

Câu 27. Ms.A deposits VND 200 million in a savings account at the annual rate of 15%. The bank
calculates interest once a year. How long does it take for her money to grow to VND 400 million?
A. 5.5 years B. 3.4 years
C. 4.9 years D. 6.2 years

✓
Đáp án đúng: C A B D
C

Câu 28. A firm with beta value of.……….has a required rate of return of 18% if the risk free rate is
10% and the market risk premium is 5%
A. -1,5 B. -1,6 C. 1,6 D. 1,5

✓
Đáp án đúng: C A B D
C

Câu 29. Yield on bond is 5% and market required return is 16% then the market risk premium would
be:
A. 21% B. 16% C. 9% D. 3,125%

✓
Đáp án đúng: C A B D
C

6
Câu 30. 3. ABC Company is considering two offers from a manufacturer for a new processing
machine. The supplier requires VND 1,500 million payment immediately after receiving the new
machine. The supplier also allows ABC Company to pay VND 1,400 million after receiving the machine
and 12 million VND at the end of each month in the next 9 months. What is the effective annual rate of
the deferred payment method?
A. 20.5% B. 17.5% C. 23.5% D. 25.5%

✗
Đáp án đúng: A A B D
C

Câu 31. Your portfolio includes 2000$ in stock A, 3000$ in stock B, 2000$ in stock C. The beta of these
four stock are 1.8; 0.6; 1.2 respectively. The portfolio beta is:
A. 1.5 B. 1.1 C. 1.9 D. 0.9

✓
Đáp án đúng: B A C D
B

Câu 32. Suppose you invest VND 600 million in stock A, VND 300 million in stock B, VND 300 million in
stock C. If the betas of stock A, stock B, stock C are 0.6; 0.8; 1.4 respectively. The risk-free rate is 8%, the
expected return on the market portfolio is 12%. What is the expected return of your portfolio?
A. 11.4% B. 11.7% C. 11.6% D. 11.5%

✗
Đáp án đúng: A A B D
C

Câu 33. Suppose we have following information:

Event Probability Expected
return

Stock A Stock B
Boom 0.2 20% 18%
Normal 0.3 15% 12%
Recessio 0.5 5% -2%
n

Mr. Huy decides to invest VND 100 million in stock A and VND 300 million in stock B. Calculate the
standard deviation of Mr.Huy’s portfolio
A. 0.09 B. 0.06 C. 0.07 D. 0.08

✗
Đáp án đúng: D A B D
C

7
Câu 34. Suppose a stock had an ending share price of VND 25,000, paid a dividend of VND 8,000 per
share and had an initial price of VND 22,000. The percentage of total return is:
A. 60% B. 50% C. 30% D. 40%

✗
Đáp án đúng: B A B C
D

Câu 35. Given the following information, determine which asset should be invested in?
Asset X Y Z
Expected return 10% 8% 16%
Standard deviation 14% 12% 20%
A. Asset Y B. Asset Z
C. Not enough information is given D. Asset X

✗
Đáp án đúng: A A C D
B

Câu 36. The common stock X has a beta of 1.5 and an expected return of 15%. The risk – free rate of
return is 6.2%. What is the expected market risk premium?
A. 5.87% B. 5.82% C. 5.80% D. 5.89%

✓
Đáp án đúng: A B C D
A

Câu 37. The expected return on stock Z is 16% while the expected return on the market is 15%. The
stock’s beta is 1.1. What is the risk – free rate of return?
A. 6% B. 8% C. 5% D. 7%

✓
Đáp án đúng: C A B D
C

Câu 38. Mr. Nam decides to invest VND 200 million in security A and VND 140 million in security B.
Security A has expected return of 14% and standard deviation of 3.5%. Security B has expected return of
22% and standard deviation of 11.5%. The correlation between the return on security A and B is 0.4.
Calculate the standard deviation of Mr.Nam’s portfolio
A. 0.059 B. 0.039 C. 0.049 D. 0.029

✓
Đáp án đúng: A B C D
A

8
Câu 39. You have a portfolio which consists of 30% in stock A, x% in stock B and y% in stock C. The
portfolio has an expected return of 12.5%. Stock A has an expected return of 15%, stock B is expected to
return 13% and stock C’s expected return is 9%. Find the value of x.
A. 40.5% B. 46.5% C. 44.5% D. 42.5%

✓
Đáp án đúng: D A B C
D

Câu 40. Which of the following accounts are included in working capital management?
I. Accounts payable
II. Accounts receivable
III. Fixed assets
IV. Inventory
A. II and IV only B. I, II and IV only
C. I, II and III only D. I and II only

✗
Đáp án đúng: B A B D
C

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