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Free CFA Corporate Issuers Practice Questions & Answers

900 exam-style Corporate Issuers questions. Pick your answer, hit Check answer, and see the worked solution — free to start, no signup.

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Question 151

Levered Beta Unlevered beta = 0.9 Debt/Equity = 1.2 Tax = 20% Levered beta?

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Question 152

FCF next year = 180 WACC = 9% Growth = 2% Terminal value?

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Question 153

EVA NOPAT = 320 Capital = 2,500 WACC = 8% EVA?

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Question 154

Working Capital Impact WC = 12% of revenue Revenue grows from 1,500 → 1,800 Change in WC?

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Question 155

Interest Coverage EBIT = 420 Interest = 70 Coverage?

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Question 156

Debt Capacity Target leverage = 3× EBITDA EBITDA = 600 Current debt = 1,200 Additional debt capacity?

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Question 157

Depreciation Shield Depreciation = 90 Tax = 28% Tax shield?

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Question 158

Equity Value EV = 5,200 Net debt = 1,700 Shares = 150 Equity per share?

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Question 159

ESG Cost of Capital Cost of equity drops from 12% → 11% FCF = 200 Growth = 2% Increase in value?

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Question 160

FX WACC Conversion USD WACC = 10% Expected FX depreciation = 2% Foreign‑currency WACC?

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Question 161

Country Risk Premium Default spread = 2% Equity volatility ratio = 1.4 CRP?

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Question 162

Debt Refinancing Old cost = 8% New cost = 6% Debt = 1,000 Annual savings?

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Question 163

Working Capital Release WC = 18% of revenue Revenue falls from 2,000 → 1,600 Cash released?

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Question 164

Interest Tax Shield Interest = 90 Tax = 30% Shield?

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Question 165

FX Translation Foreign income = 100 FX depreciation = 10% Translated income?

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Question 166

Terminal Growth Constraint WACC = 9% Growth = 5% Stability check?

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Question 167

Equity Value from FCFE FCFE = 180 Cost of equity = 12% Growth = 3% Value?

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Question 168

ROE Decomposition Net margin = 12% Asset turnover = 1.4 Leverage = 2.0 ROE?

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Question 169

Debt Paydown Debt = 1,500 FCF = 300 Years to repay?

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Question 170

Equity Beta from Asset Beta Asset beta = 0.7 D/E = 0.5 Tax = 20% Equity beta?

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Question 171

Credit Spread Impact Risk‑free = 3% Spread = 250 bps Cost of debt?

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Question 172

Net Debt Debt = 2,000 Cash = 350 Net debt?

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Question 173

Interest Burden EBIT = 500 Interest = 80 Interest burden ratio?

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Question 174

Tax Rate EBT = 400 Taxes = 100 Tax rate?

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Question 175

Capex Ratio Capex = 140 Depreciation = 90 Capex ratio?

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Question 176

Asset Turnover Revenue = 2,400 Assets = 1,200 Turnover?

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Question 177

Leverage Ratio Assets = 3,000 Equity = 1,000 Leverage?

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Question 178

Net Margin NI = 240 Revenue = 1,600 Margin?

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Question 179

Growth from Retention ROE = 15% Retention = 60% Growth?

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Question 180

A firm has an unlevered beta of 0.85. Debt/Equity = 1.4, tax rate = 25%. What is the levered beta?

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Free CFA Corporate Issuers Practice Questions & Answers

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