참고: ExamPassdump에서 Google Drive로 공유하는 무료 2026 CIMA F3 시험 문제집이 있습니다: https://drive.google.com/open?id=1pv8up9dOaJtceEQN-_2daL3PS2QQq9fw
CIMA인증 F3시험을 한방에 편하게 통과하여 자격증을 취득하려면 시험전 공부가이드가 필수입니다. ExamPassdump에서 연구제작한 CIMA인증 F3덤프는CIMA인증 F3시험을 패스하는데 가장 좋은 시험준비 공부자료입니다. ExamPassdump덤프공부자료는 엘리트한 IT전문자들이 자신의 노하우와 경험으로 최선을 다해 연구제작한 결과물입니다.IT인증자격증을 취득하려는 분들의 곁은ExamPassdump가 지켜드립니다.
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Investment Appraisal and Decisions | 25% | - Risk analysis in investment decisions
|
| Topic 2: Financial Policy Decisions | 15% | - Strategic financial objectives and governance
|
| Topic 3: Business Valuation | 20% | - Valuation methods
|
| Topic 4: Financial Risk Management | 15% | - Types and sources of financial risk
|
| Topic 5: Sources of Long-Term Finance | 25% | - Equity finance
|
ExamPassdump는ExamPassdump의CIMA인증 F3덤프자료를 공부하면 한방에 시험패스하는것을 굳게 약속드립니다. ExamPassdump의CIMA인증 F3덤프로 공부하여 시험불합격받으면 바로 덤프비용전액 환불처리해드리는 서비스를 제공해드리기에 아무런 무담없는 시험준비공부를 할수 있습니다.
질문 # 371
Company AAB is located in country A whose currency is the AS It has a subsidiary, BBA, located m country B that has the BS as its currency AAB has asked BBA to pay BS40 million surplus funds to AAB to assist with a planned new capital investment in country A The exchange rate today is AS1 = BS3 Tax regimes
* Company BBA pays withholding tax of 25% on all cash remitted to the parent company
* Company AAB pays tax of 10% on at cash received from its subsidiary
How much will company AAB have available for investment after receiving the surplus funds from BBA?
정답：C
질문 # 372
RST wishes to raise at least $40 million of new equity by issuing up to 10 million new equity shares at a minimum price of $3.00 under an offer for sale by tender. It receives the following tender offers:
What is the maximum amount that RST can raise by this share issue?
(Give your answer to the nearest $ million).
정답：
설명：
45MILION
At # $5.50 # 1m sharesAt # $5.00 # 1m + 3m = 4m sharesAt # $4.50 # 1m + 3m + 7m = 11m sharesAt # $4.00 # 1m + 3m + 7m + 9m = 20m sharesNow test each possible issue price:$5.50 # can sell 1m # proceeds = $5.5m (too low)$5.00 # can sell 4m # proceeds = $20m (too low)$4.50 # demand 11m but max issue is 10m # sell 10m # proceeds = 10m × 4.5 = $45m$4.00 # can sell 10m # proceeds = 10m × 4 =
$40mBoth $4.50 and $4.00 meet the "at least $40m" condition, but the maximum amount RST can raise is
$45 million at $4.50 per share.
질문 # 373
A venture capitalist invests in a company by means of buying:
* 9 million shares for $2 a share and
* 8% bonds with a nominal value of $2 million, repayable at par in 3 years' time.
The venture capitalist expects a return on the equity portion of the investment of at least 20% a year on a compound basis over the first 3 years of the investment.
The company has 10 million shares in issue.
What is the minimum total equity value for the company in 3 years' time required to satisify the venture capitalist's expected return?
Give your answer to the nearest $ million.
$ million.
정답：
설명：
34, 35,
34000000, 35000000
질문 # 374
Company M plans to bid for Company J.
Company M has 20 million shares in issue and a current share price of $10.00 before publicly announcing the planned takeover. Company J has 10 million shares in issue and a current share price of $4.00.
The directors of Company M are considering an all-share bid of 1 Company M shares for 2 Company J shares.
Synergies worth $20m are expected from the acquisition.
What is the likely change in wealth for Company M's shareholders (in total) if the bid is accepted?
Give your answer to the nearest $ million.
정답：
설명：
$ ? million
8
질문 # 375
A company is considering the issue of a convertible bond compared to a straight bond issue (non-convertible bond).
Director A is concerned that issuing a convertible bond will upset the shareholders for the following reasons:
* it will dilute their control
* the interest payments will be higher therefore reducing liquidity
* it will increase the gearing ratio therefore increasing financial risk Director B disagrees, and is preparing a board paper to promote the issue of the convertible bond rather than a non-convertible.
Advise the Director B which THREE of the following statements should be included in his board paper to promote the issue of the convertible bond?
정답：A,B,E
설명：
A). May not dilute control - A convertible bond does not cause immediate dilution. Bondholders only become shareholders if they choose to convert, usually when the share price performs well. So dilution is potential and future, not automatic at issue.
B). Lower coupon - A core feature of convertibles is that investors accept a lower interest (coupon) rate than on an equivalent straight bond, because they are being compensated by the conversion option. This directly rebuts the concern that interest payments will be higher.
D). More favourable impact on gearing - Compared with issuing a straight bond, a convertible is often viewed as "quasi-equity". Under modern financial reporting, part of the convertible may be classified as equity, and if conversion happens later, the bond liability disappears and is replaced by shares, reducing gearing. So, from a strategic financing perspective, convertibles are typically seen as less damaging to gearing than an equivalent non-convertible bond.
Options C (no cash inflow on conversion) and E (more expensive over life) are incorrect.
질문 # 376
......
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