NO.PZ2021091701000021
问题如下:
Which of the following is least likely to affect the capital structure of Longdrive
Trucking Company? Longdrive has moderate leverage today.
选项:
A.The acquisition of a major competitor for shares
A substantial increase in share price
The payment of a stock dividend
解释:
C is correct. Stock dividends, like stock splits, have no impact on the value of a
company’s equity. Issuing shares to acquire a competitor would increase equity
relative to debt in the capital structure. Share price appreciation would also
increase the market value of equity, thus increasing equity relative to debt.
竞争公司可以认为资本结构相似 收购了竞争公司 那竞争公司的债务也会并表 发新股并购是收购方发新股跟目标公司的股票交换 那合并后的公司应该资本结构也没有太大变化呀