
Test for Chapter 24
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Other
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University
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Practice Problem
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Easy
Doanh Tran
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62 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins ⢠1 pt
If a corporate security can be exchanged for a fixed number of shares of stock, the security is said to be
putable
callable
protected
inflated
convertible
2.
MULTIPLE CHOICE QUESTION
15 mins ⢠1 pt
The upper limit of a warrant's value is best defined as the
MAX(0, Stock price ā Exercise price)
exercise price
MIN(0, Stock price ā Exercise price)
underlying stock price
MAX(0, Exercise price ā Stock price)
3.
MULTIPLE CHOICE QUESTION
15 mins ⢠1 pt
Warrants are most often issued in combination with new
shares of preferred stock
privately placed shares of common stock
publicly placed shares of common stock
privately placed bonds
publicly placed bonds
4.
MULTIPLE CHOICE QUESTION
15 mins ⢠1 pt
The lower limit of a warrant's value is defined as
MAX(0, Stock price ā Exercise price)
MIN(0, Stock price ā Exercise price)
MAX(0, Exercise price ā Stock price)
zero
MIN(0, Exercise price ā Stock price)
5.
MULTIPLE CHOICE QUESTION
15 mins ⢠1 pt
The upper limit of a warrant's value is best defined as the
MAX(0, Stock price ā Exercise price)
underlying stock price
exercise price
MAX(0, Exercise price ā Stock price)
MIN(0, Stock price ā Exercise price)
6.
MULTIPLE CHOICE QUESTION
15 mins ⢠1 pt
Bright View Windows issued warrants with an exercise price of $17. Bright View's common stock currently sells for $16 per share. The warrants are
not very valuable
out of the money
valuable
both in the money and valuable
in the money
7.
MULTIPLE CHOICE QUESTION
15 mins ⢠1 pt
Assume a firm issues convertible bonds at a time when the risk of the firm is difficult to properly assess. If the rm is subsequently determined to have low risk, then the
straight bond component of the convertible bond will have high value
conversion value will always exceed the straight bond value
the firm will eliminate the conversion option
call option of the convertible bond will have high value
bond should be immediately converted
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