從Google Drive中免費下載最新的Testpdf F3 PDF版考試題庫：https://drive.google.com/open?id=1UiXWDRAF4TEw-xgV1OqyFYeG9VPG2iiI
患難可以試驗一個人的品格，非常的境遇方才可以顯出非常的氣節；風平浪靜的海面，所有的船隻都可以並驅競勝。命運的鐵拳擊中要害的時候，只有大勇大智的人才能夠處之泰然。 你是大智大勇的人嗎？如果你的IT認證考試沒有做好考前準備，你還處之泰然嗎？當然，因為你有 Testpdf CIMA的F3考試培訓資料在手上，任何考試困難都不會將你打到。
在F3財務戰略中獲得認證證明了財務戰略的高水平專業知識，並可以增強候選人在管理會計領域的職業前景。成功的候選人被授予CIMA管理會計高級文憑，該文憑在全球範圍內被認為是該職業卓越的標誌。
CIMA F3（F3 財務策略）考試的設計旨在評估候選人開發和實施與組織整體商業策略相符的財務策略的能力。它侧重於通過分析競爭環境和經濟環境來制定財務策略，以确定潛在改善領域。候選人應熟悉關鍵的財務概念和技術，包括財務報表分析、成本管理和風險管理。
隨著社會的發展，現在CIMA行業得到了人們的青睞，也有越來越多的人們想考取CIMA方面的資格認證證書，在事業上更進一步。這個時候你應該想到的是Testpdf網站，它是你F3考試合格的好幫手。Testpdf的強大考古題是F3技術專家們多年來總結出來的經驗和結果，站在這些前人的肩膀上，會讓你離成功更進一步。
CIMA F3（F3財務策略）認證考試是一個重要的認證考試，旨在測試對追求金融職業生涯感興趣的人的財務策略技能。該考試適用於希望發展財務策略制定和實施技能，以及想要瞭解在商業世界中使用的財務策略框架和概念的個人。
問題 #163
The directors of a multinational group have decided to sell off a loss-making subsidiary and are considering the following methods of divestment:
1. Trade sale to an external buyer
2. A management buyout (MBC)
The MDO team and the external buyer have both offered the same price to the parent company for the subsidiary.
Which of the following is an advantage to the parent company of opting for a MBO compared to a trade sale as the preferred method of divestment?
答案：B
問題 #164
Company B is an all equity financed company with a cost of equity of 10%.
It is considering issuing bonds in order to achieve a gearing level of 20% debt and 80% equity.
These bonds will pay a coupon rate of 5% and have an interest yield of 6%.
Company B pays corporate tax at the rate of 25%.
According to Modigliani and Miller's theory of capital structure with tax, what will be Company B's new cost of equity?
A)
B)
C)
D)
答案：A
問題 #165
Company ADE is an unlisted company; it needs to raise a significant amount of finance to fund future expansion. The directors are considering listing the company on the local stock exchange The following discussions have taken place between some of the directors:
Director A - We consider a public issue of bonds in the capital markets, we don't need to list to issue the bonds which will save time and money.
Director B - We should list on the Alternative Investment Market (AIM) and not the main market to avoid any regulatory requirements Director C - We should remain unlisted; we can access an unlimited amount of equity finance through a rights issue Director D - Listing will increase Company ADE's ability to raise new equity and debt finance in the future.
Director E - If we list, Company ADE will be a more likely target for a takeover than if we remain unlisted.
Which TWO of the directors' statements are correct?
答案：C,D
問題 #166
Company A, a listed company, plans to acquire Company T, which is also listed.
Additional information is:
* Company A has 150 million shares in issue, with market price currently at $7.00 per share.
* Company T has 120 million shares in issue,. with market price currently at $6.00 each share.
* Synergies valued at $50 million are expected to arise from the acquisition.
* The terms of the offer will be 2 shares in A for 3 shares in T.
Assuming the offer is accepted and the synergies are realised, what should the post-acquisition price of each of Company A's shares be?
Give your answer to two decimal places.
答案：A
解題說明：
問題 #167
A company enters into a floating rate borrowing with interest due every 12 months over the five year life of the borrowing.
At the same time, the company arranges an interest rate swap to swap the interest profile on the borrowing from floating to fixed rate.
These transactions are designated as a hedge for hedge accounting purposes under IAS 39 Financial Instruments: Recognition and Measurement.
Assuming the hedge is considered to be effective, how would the swap be accounted for 12 months later?
答案：A
問題 #168
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F3測試引擎: https://www.testpdf.net/F3.html
從Google Drive中免費下載最新的Testpdf F3 PDF版考試題庫：https://drive.google.com/open?id=1UiXWDRAF4TEw-xgV1OqyFYeG9VPG2iiI