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這是為了考生們特別製作的考試資料。它可以讓你在短時間內充分地準備考試,並且輕鬆地通過考試。如果你不想因為考試浪費太多的時間與精力,那麼Royalholidayclubbed的P3考題考古題無疑是你最好的選擇。 每個人都有自己的人生規劃,選擇不同得到的就不同,所以說選擇很重要。Royalholidayclubbed CIMA的P3考題考試認證培訓資料是幫助每個IT人士實現自己人生宏偉目標的最好的方式方法,它包括了試題及答案,並且和真實的考試題目不相上下,真的是所謂稱得上是最好的別無二選的培訓資料。 Royalholidayclubbed網站在通過P3考題資格認證考試的考生中有著良好的口碑。
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P3 PDF DEMO:QUESTION NO: 1 In relation to the use of the adjusted present value (APV) technique, which of the following statements are correct? A. The weighted average cost of capital - net present value technique and the APV technique will, if applied correctly, give the same answer. B. To apply APV, the proportions of debt and equity in the capital structure must be known. C. The interest tax shield on the project's debt must be known, or at least estimated. D. To apply APV the actual amounts of debt and equity in the capital structure must be known. Answer: A,C
QUESTION NO: 2 A UK based company is considering an investment of GB£1,000,000 in a project in the USA. It is anticipated that the following cash flows will arise from this project. The cash flows will be either US$400,000 with a probability of 40% or US$700,000 with a probability of 60% for each of the next three years; remitted to the UK at the end of each year. Currently GB£1.00 is worth US$1.30. The expected inflation rates in the two countries over the next four years are 2% in the UK and 4% in the US. Applying the Purchasing Power Parity Theory, which of the following represents the expected net present value of the project in GP£ (to the nearest whole pound)? A. GB£391,640 B. GB£554,047 C. GB£287,639 D. GB£(111,973) Answer: C
QUESTION NO: 3 Will owns $400,000 of shares in Company X. Company X has a daily volatility of 1% of its share price. Calculate the 28 day value at risk that shows the most Will can expect to lose during a 28 day period. (Will wishes to be 90% certain that the actual loss in any month will be less than your predicted figure). Give your answer to the nearest $000. Answer: $27
QUESTION NO: 4 An oil company has entered into a joint venture with a competing oil company to develop a new oil field. The joint venture arrangement is intended to mitigate the risks associated with developing the oil field. The following disclosure appears in the oil company's risk report: "Many of our large projects and operations are conducted through joint ventures. These arrangements involve complex risk allocation and indemnification arrangements and we have less control over these activities than we would have if we had full ownership and control. Our partners may have economic or business interests that are opposed to ours, and may exercise the right to block key decisions or actions. We believe the joint arrangement is in our best interest." Which of the following statements are correct? A. Now the shareholders know the directors are aware of the risk. B. The risk report says nothing useful about the risk. C. If the risk report had not reported the risk the shareholders might not have been aware of the risk. D. The shareholders now have more useful information. E. The risk report means that the shareholders know exactly how bad the risk is. Answer: A,C,D
QUESTION NO: 5 H is a senior production manager for P Ltd which is about to make a strategic decision on setting up a new production line requiring $3 million of new specialist equipment. H's daughter is friends with and goes to school with the daughter of T, the sales manager in KK Ltd. KK Ltd is a potential supplier of the specialist equipment that P Ltd requires. T owns a holiday home. H's daughter regularly accompanies T's daughter on family vacations at this holiday home, all at T's expense. H is the only person working for P Ltd who is qualified to select the specialist equipment. KK Ltd will definitely bid for the sale. What should H do? A. H should declare an interest and withdraw from the assessment process. B. H should permit KK Ltd to bid, but should insist that T should not be involved. C. H should declare an interest, giving details of his daughter's friendship with T's daughter, but should participate fully in the assessment process. D. H should exclude KK Ltd from the bidding process. Answer: C
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Updated: May 27, 2022
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