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.
我理解 股票价格上涨影响 market value, 不影响book value, 所以b 我感觉不会有影响capital structure. 能解释一下b为啥影响么