国际金融（原书第12版） 教学课件 ppt 作者 大卫.艾特曼（David Eiteman）阿瑟.斯通西 chapter 14.pdfVIP

Multinational Business Finance, 12e (Eiteman, et al) Chapter 14 The Global Cost and Availability of Capital 14.1 Introduction Multiple Choice 1) If a firm lies within a country with ________ or ________ domestic capital markets, it can achieve lower global cost and greater availability of capital with a properly designed and implemented strategy to participate in international capital markets. A) liquid; segmented B) liquid; large C) illiquid; segmented D) large; illiquid Answer: C Diff: 2 Topic: 14.1 Introduction Skill: Recognition 2) Other things equal, a firm that must obtain its long-term debt and equity in a highly illiquid domestic securities market will probably have a ________. A) relatively low cost of capital B) relatively high cost of capital C) relatively average cost of capital D) cost of capital that we cannot estimate from this question Answer: B Diff: 2 Topic: 14.1 Introduction Skill: Recognition 3) Relatively high costs of capital are more likely to occur in ________. A) highly illiquid domestic securities markets B) highly liquid domestic securities markets C) unsegmented domestic securities markets D) none of the above Answer: A Diff: 2 Topic: 14.1 Introduction Skill: Recognition 1 Copyright © 2010 Pearson Education, Inc.  4) Reasons that firms may find themselves with relatively high costs of capital include: A) The firms reside in emerging countries with undeveloped capital markets. B) The firms are too small to easily gain access to their own national securities market. C) The firms are family owned and they choose not to access public markets and lose control of the firm. D) all of the above Answer: D Diff: 2 Topic: 14.1 Introduction Skill: Recognition 5) Which of the following is NOT a contributing factor to the segmentation of capital markets? A) Excessive regulatory control