F3 문제 61
회사 C는 향후 프로젝트 자금 조달을 위해 4,500만 달러를 조달해야 하는 연구 개발에 막대한 투자를 합니다. 공개매수를 통해 조달한 주식금융을 사용하기로 결정했으며, 잠재적 투자자들로부터 다음과 같은 공개매수를 받았습니다.
회사 C는 상당한 통제력의 희석으로부터 주주를 예상할 수 있는 제안 가격을 선택하지만 여전히 필요한 자금을 조달하고자 합니다.
C사는 어떤 오퍼 가격을 선택해야 할까요?
회사 C는 상당한 통제력의 희석으로부터 주주를 예상할 수 있는 제안 가격을 선택하지만 여전히 필요한 자금을 조달하고자 합니다.
C사는 어떤 오퍼 가격을 선택해야 할까요?
F3 문제 62
A consultancy company is dependent for profits and growth on the high value individuals it employs.
The company has relatively few tangible assets.
순자산평가방법이 그러한 회사에 적합하지 않다고 생각되는 가장 적절한 이유를 선택하십시오.
The company has relatively few tangible assets.
순자산평가방법이 그러한 회사에 적합하지 않다고 생각되는 가장 적절한 이유를 선택하십시오.
F3 문제 63
Providers of debt finance often insist on covenants being entered into when providing debt finance for companies.
Agreement and adherence to the specific covenants is often a condition of the loan provided by the lender.
Which THREE of the following statements are true in respect of covenants?
Agreement and adherence to the specific covenants is often a condition of the loan provided by the lender.
Which THREE of the following statements are true in respect of covenants?
F3 문제 64
A company needs to raise $20 million to finance a project.
It has decided on a rights issue at a discount of 20% to its current market share price.
There are currently 20 million shares in issue with a nominal value of $1 and a market price of $5 per share.
Calculate the terms of the rights issue.
It has decided on a rights issue at a discount of 20% to its current market share price.
There are currently 20 million shares in issue with a nominal value of $1 and a market price of $5 per share.
Calculate the terms of the rights issue.
F3 문제 65
지금은 20X0년 1월 1일입니다.
사모펀드인 V사는 A사 지분 40%를 총 1,500만 달러에 인수하는 방안을 검토 중이다.
Company A has been established to develop a new type of engine which will be launched at the end of 20X1. Company A is forecasting that the new engine will result in free cash flows to equity of $2m in its first year of operation and that this will rise by 8% per year for the foreseeable future. The new engine is the only commercial activity that Company A is involved in.
Company V intends to sell its stake in Company A when the new engine is launched.
Company A has a cost of equity of 12%.
Assuming that Company V receives an amount that reflects the present value of their shares in company A.
What is the estimated annual rate of return to Company V from this investment? (To the nearest %)
사모펀드인 V사는 A사 지분 40%를 총 1,500만 달러에 인수하는 방안을 검토 중이다.
Company A has been established to develop a new type of engine which will be launched at the end of 20X1. Company A is forecasting that the new engine will result in free cash flows to equity of $2m in its first year of operation and that this will rise by 8% per year for the foreseeable future. The new engine is the only commercial activity that Company A is involved in.
Company V intends to sell its stake in Company A when the new engine is launched.
Company A has a cost of equity of 12%.
Assuming that Company V receives an amount that reflects the present value of their shares in company A.
What is the estimated annual rate of return to Company V from this investment? (To the nearest %)