P.S. KaoGuTi在Google Drive上分享了免費的2026 CIMA F3考試題庫：https://drive.google.com/open?id=1oEmB5XEB2sE-UCUK_iKLRGVGmVZU2QlS
我們KaoGuTi確保你第一次嘗試通過考試，取得該認證專家的認證。因為我們KaoGuTi提供給你配置最優質的類比CIMA的F3的考試考古題，將你一步一步帶入考試準備之中，我們KaoGuTi提供我們的保證，我們KaoGuTi CIMA的F3的考試試題及答案保證你成功。
| Section | Weight | Objectives |
|---|---|---|
| Financial Policy Decisions | 15% | - Strategic financial objectives and stakeholder impact
|
| Business Valuation | 40% | - Mergers, acquisitions and divestments
|
| Financial Risks | 20% | - Types of financial risk
- Risk measurement and assessment
|
| Sources of Long-term Funds | 25% | - Equity finance
- Debt finance
|
CIMA的F3考試其實是一個技術專家考試， CIMA的F3考試可以幫助和促進IT人員有一個優秀的IT職業生涯，有了好的職業生涯，當然你就可以為國家甚至企業創造源源不斷的利益，從而去促進國家經濟發展，如果所有的IT人員都這樣，那麼民富則國強。我們KaoGuTi CIMA的F3考試培訓資料可以幫助IT人員達到這一目的，保證100%獲得認證，如果需要思考，還不如果斷的做出決定，選擇我們KaoGuTi CIMA的F3考試培訓資料。
問題 #424
Company ABE is an unlisted company that has been trading for 10 years. During this period, it has seen substantial growth in revenue and earnings. For the company to continue its growth it needs to raise new finance The directors are considering an initial public offering (IPO).
The following information is relevant to Company ABE:
A listed company of similar size and in the same industry as Company ABE had earnings per share in the last financial year of $1 80 Its shares are currently trading at a price / earnings ratio of 12.
The directors of Company ABE have asked for advice on what price they might expect if the company is listed on the stock exchange by means of an IPO.
Using the information provided what is an estimated issue price for each share in Company ABE?
Give your answer to 2 decimal places.
答案：
解題說明：
Pending
問題 #425
Extracts from a company's profit forecast for the next financial year is as follows:
Since preparing the forecast, the company has decided to return surplus cash to shareholders by a share repurchase arrangement.
The share repurchase would result in the company purchasing 20% of the 2,000 million ordinary shares currently in issue and cancelling them.
Assuming the share repurchase went ahead, the impact on the company's forecast earnings per share will be an increase of:
答案：A
問題 #426
Company A is a large well-established listed entertainment company and Company B is a small unlisted company specializing in providing online media streaming.
Company A has a gearing ratio of 60% (using book values) and interest cover of 2.
Company A is considering making an offer for Company B, either a cash offer financial by raising additional debt finance or a share-for-share exchange.
Which of the following is most likely to occur if Company A offers a share-for exchange rather than offering cash finance by raising debt?
答案：C
解題說明：
Two options for Company A buying B:
Cash offer financed by new debt # increases debt, so gearing goes up.
Share-for-share exchange # issues new shares (equity) instead of increasing debt.
So, relative to a debt-financed cash bid, a share-for-share offer leads to lower gearing (or at least avoids increasing gearing further).
The others are unlikely:
A & B: Using shares instead of (usually cheaper) debt doesn't generally make EPS or DPS higher.
D: Issuing new shares dilutes control, so there is dilution, not "no dilution".
問題 #427
A company intends to sell one of its business units, Company R by a management buyout (MBO).
A selling price of $100 million has been agreed.
The managers are discussing with a bank and a venture capital company (VCC) the following financing proposal:
The VCC requires a minimum return on its equity investment in the MBO of 30% a year on a compound basis over 5 years.
What is the minimum TOTAL equity value of Company R in 5 years time in order to meet the VCC's required return?
Give your answer to one decimal place.
$ ? million
答案：
解題說明：
111.4, 111, 111.0, 111.1, 111.2, 111.3, 111.5, 111.6, 111.7
問題 #428
Company A, a listed company, plans to acquire Company T, which is also listed.
Additional information is:
* Company A has 100 million shares in issue, with market price currently at $8.00 per share.
* Company T has 90 million shares in issue, with market price currently at $5.00 each share.
* Synergies valued at $60 million are expected to arise from the acquisition.
* The terms of the offer will be 2 shares in A for 3 shares in B.
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：
解題說明：
$ ? .
8.19, 8.18Post-acquisition share price of Company A after share-for-share offer and synergy.Company A:
100m shares at $8 # value = 100 × 8 = $800mCompany T: 90m shares at $5 # value = 90 × 5 =
$450mSynergies = $60mOffer: 2 shares in A for every 3 shares in TStep 1 - New shares issued:Exchange ratio (A per T share) = 2/3New A shares = 90m × (2/3) = 60mTotal A shares post-deal = 100m + 60m =
160mStep 2 - Total value post-acquisition with synergies:Combined value = 800 + 450 + 60 = $1,310mStep 3
- Post-acquisition share price:Price per A share = 1,310 / 160 = $8.1875 # $8.19
問題 #429
......
KaoGuTi是一個對CIMA F3 認證考試提供針對性培訓的網站。KaoGuTi也是一個不僅能使你的專業知識得到提升，而且能使你一次性通過CIMA F3 認證考試的網站。KaoGuTi提供的培訓資料是由很多IT資深專家不斷利用自己的經驗和知識研究出來的，品質很好，準確性很高。一旦你選擇了我們KaoGuTi，不僅能夠幫你通過CIMA F3 認證考試和鞏固自己的IT專業知識，還可以享用一年的免費售後更新服務。
最新F3考題: https://www.kaoguti.com/F3_exam-pdf.html
P.S. KaoGuTi在Google Drive上分享了免費的2026 CIMA F3考試題庫：https://drive.google.com/open?id=1oEmB5XEB2sE-UCUK_iKLRGVGmVZU2QlS