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FIN 301 UNLV CHAPTERS 1-3 CHOI EXAM QUESTIONS AND ANSWERS CA$12.33   Add to cart
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FIN 301 UNLV CHAPTERS 1-3 CHOI EXAM QUESTIONS AND ANSWERS
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Shareholder Wealth - Answer-Represented by market price of a firm's common stock. Present Value - Answer-the value today of some future payment or stream of payments evaluated at an appropriate discount rate. Discount Rate - Answer-takes into account the returns that are available from alt...

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  • August 24, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • fin 301 unlv chapters 1 3 choi exam questions and
  • shareholder wealth answer represented by market

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  • FIN 301
  • FIN 301

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FIN 301 UNLV CHAPTERS 1-3 CHOI
EXAM QUESTIONS AND ANSWERS
Shareholder Wealth - Answer-Represented by market price of a firm's common stock.

Present Value - Answer-the value today of some future payment or stream of payments

evaluated at an appropriate discount rate.

Discount Rate - Answer-takes into account the returns that are available from
alternative investment opportunities during a specific (future) time period.

Risk - Answer-"the greater the risk associated with receiving a future benefit, the lower
the value investors place on that benefit.

Market Value - Answer-the price at which the stock trades in the marketplace, such as
the NYSE

Shareholder Wealth (formula) - Answer-# of shares outstanding X Market price per
share

Stakeholder Concerns (5) - Answer-1. sustain optimum ROI
2. perceived by customers as a provider of quality service
3. demonstrate that employees are our most valuable resource
4. provide corporate leadership to the community
5. operate compatibly with environmental standards

Stakeholders - Answer-Customers, employees, suppliers, communities in which they
operate.

not just the interest of stockholders.

Agency Relationships - Answer-occur when one or more individuals (the principals) hire
another individual (the agent) to perform a service on behalf of the principals.

Agency Cost - Answer-are incurred by shareholders to minimize agency problems.

Exercise Price - Answer-Stock options granted to managers entitle them to buy shares
of the company at a particular price.

Profit - Answer-(or earnings/ or income) ***

Book Value - Answer-The book values reflects the historic cost of assets, not the
earning capacity of those assets.

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