If you review these CIMAPRA19-F03-1-ENG PDF Download, you will get 100% marks.

F3 Financial Strategy Exam Dumps

CIMAPRA19-F03-1-ENG Exam Format | Course Contents | Course Outline | Exam Syllabus | Exam Objectives

100% Money Back Pass Guarantee

CIMAPRA19-F03-1-ENG PDF Sample Questions

CIMAPRA19-F03-1-ENG Sample Questions

CIMAPRA19-F03-1-ENG Dumps
CIMAPRA19-F03-1-ENG Braindumps
CIMAPRA19-F03-1-ENG Real Questions
CIMAPRA19-F03-1-ENG Practice Test
CIMAPRA19-F03-1-ENG Actual Questions
CIMA
CIMAPRA19-F03-1-ENG
F3 Financial Strategy
https://killexams.com/pass4sure/exam-detail/CIMAPRA19-F03-1-ENG
Question: 70
A company�s main objective is to achieve an average growth in dividends of 10% a year.
In the most recent financial year:
Sales are expected to grow at 8% a year over the next 5 years.
Costs are expected to grow at 5% a year over the next 5 years.
What is the minimum dividend payout ratio in 5 years� time that would allow the company to achieve its objective?
A . 21.7%
B . 30.0%
C . 27.5%
D . 22.5%
Answer: A
Question: 71
A company has in a 5% corporate bond in issue on which there are two loan covenants.
� Interest cover must not fall below 3 times
� Retained earnings for the year must not fall below $3.5 million
The Company has 200 million shares in issue.
The most recent dividend per share was $0.04.
The Company intends increasing dividends by 10% next year.
Financial projections for next year are as follows:
Advise the Board of Directors which of the following will be the status of compliance with the loan covenants next
year?
A . The company will be in compliance with both covenants.
B . The company will be in breach of both covenants.
C . The company will breach the covenant in respect of retained earnings only.
D . The company will be in breach of the covenant in respect of interest cover only.
Answer: C
Question: 72
Which THREE of the following remain unchanged over the life of a 10 year fixed rate bond?
A . The coupon rate
B . The yield
C . The market value
D . The nominal value
E . The amount payable on maturity
Answer: A,D,E
Question: 73
A company has some 7% coupon bonds in issue and wishes to change its interest rate profile.
It has decided to do this by entering into a plain coupon interest rate swap with it�s bank.
The bank has quoted a swap rate of: 6.0% � 6.5% fixed against LIBOR.
What will the company�s new interest rate profile be?
A . VARIABLE at LIBOR
B . VARIABLE at LIBOR + 0.5%
C . VARIABLE at LIBOR + 1.0%
D . FIXED at 6.5%
Answer: C
Question: 74
A company�s current earnings before interest and taxation are $5 million.
These are expected to remain constant for the forseeable future.
The company has 10 million shares in issue which currently trade at $3.60.
It also has a $10 million long term floating rate loan.
The current interest rate on this loan is 5%.
The company pays tax at 20%.
The company expects interest rates to increase next year to 6% and it�s Price/Earnings (P/E) ratio to move to 9.5 times
by the end of next year.
What percentage reduction in the share price will occur by the end of next year if the interest rate increase and the P/E
movement both occur?
A . Reduction of 7%
B . Reduction of 5%
C . Reduction of 1%
D . Reduction of 0%
Answer: A
Question: 75
A company financed by equity and debt can be valued by discounting:
A . free cash flow before interest at WAC
C . free cash flow before interest at the cost of equity.
D . free cash flow after interest at WAC
F . free cash flow after interest at the cost of equity.
Answer: A
Question: 76
A company has a covenant on its 5% long-term bond, stipulating that its retained earnings must not fall below $2
million.
The company has 100 million shares in issue.
Its most recent dividend was $0.045 per share. It has committed to grow the dividend per share by 4% each year.
The nominal value of the bond is $60 million. It is currently trading at 80% of its nominal value.
Next year�s earnings before interest and taxation are projected to be $11.25 million.
The rate of corporate tax is 20%.
If the company increases the dividend by 4%, advise the Board of Directors if the level of retained earnings will
comply with the covenant?
A . Covenant is not breached as retained earnings = $2.40 million.
B . Covenant is not breached as retained earnings = $2.10 million.
C . Covenant is breached as retained earnings = $1.92 million.
D . The covenant is not breached as retained earnings = $4.68 million.
Answer: C
Question: 77
A company wishes to raise additional debt finance and is assessing the impact this will have on key ratios.
The following data currently applies:
� Profit before interest and tax for the current year is $500,000
� Long term debt of $300,000 at a fixed interest rate of 5%
� 250,000 shares in issue with a share price of $8
The company plans to borrow an additional $200,000 on the first day of the year to invest in new project which will
improve annual profit before interest and tax by $24,000.
The additional debt would carry an interest rate of 3%.
Assume the number of shares in issue remain constant but the share price will increase to $8.50 after the investment.
The rate of corporate income tax is 30%.
After the investment, which of the following statements is correct?
A . Interest cover will fall; P/E ratio will fall.
B . Interest cover will fall; P/E ratio will rise.
C . Interest cover will rise; P/E ratio will rise.
D . Interest cover will rise; P/E ratio will fall.
Answer: B
Question: 78
A company based in Country D, whose currency is the D$, has an objective of maintaining an operating profit margin
of at least 10% each year.
Relevant data:
� The company makes sales to Country E whose currency is the E$. It also makes sales to Country F whose currency is
the F$.
� All purchases are from Country G whose currency is the G$.
� The settlement of all transactions is in the currency of the customer or supplier.
Which of the following changes would be most likely to help the company achieve its objective?
A . The D$ strengthens against the E$ over time.
B . The F$ weakens against the D$ over time.
C . The D$ strengthens against the G$ over time.
D . The D$ weakens against the G$ over time.
Answer: C
Question: 79
Company A plans to acquire Company B, an unlisted company which has been in business for 3 years.
It has incurred losses in its first 3 years but is expected to become highly profitable in the near future.
No listed companies in the country operate the same business field as Company B, a unique new high-risk business
process.
The future success of the process and hence the future growth rate in earnings and dividends is difficult to determine.
Company A is assessing the validity of using the dividend growth method to value Company B.
Which THREE of the following are weaknesses of using the dividend growth model to value an unlisted company
such as Company B?
A . The company has been unprofitable to date and hence, there is no established dividend payment pattern.
B . The future projected dividend stream is used as the basis for the valuation.
C . The future growth rate in earnings and dividends will be difficult to accurately determine.
D . The dividend growth model does not take the time value of money into consideration.
E . The cost of capital will be difficult to estimate.
Answer: A,C,E
Question: 80
A company�s gearing (measured as debt/(debt + equity)) is currently 60% and it is investigating whether an optimal
gearing structure exists within the industry.
It has analysed the capital structure of similar companies in the industry and it would
appear that there is evidence supporting the traditional theory of capital structure.
Companies with the lowest WACC in the industry have gearing of around 45% to 50%.
Which of the following actions would result in the company achieving a more optimal capital structure?
A . Undertaking a rights issue of equity to repay some of its debt.
B . Refinancing to replace some of its short term debt with long term debt.
C . Increasing the level of dividend to return more cash to shareholders.
D . Using retained cash to undertake a buyback of some of its equity.
Answer: A
6$03/( 48(67,216
7KHVH TXHVWLRQV DUH IRU GHPR SXUSRVH RQO\ )XOO YHUVLRQ LV
XS WR GDWH DQG FRQWDLQV DFWXDO TXHVWLRQV DQG DQVZHUV
.LOOH[DPV FRP LV DQ RQOLQH SODWIRUP WKDW RIIHUV D ZLGH UDQJH RI VHUYLFHV UHODWHG WR FHUWLILFDWLRQ
H[DP SUHSDUDWLRQ 7KH SODWIRUP SURYLGHV DFWXDO TXHVWLRQV H[DP GXPSV DQG SUDFWLFH WHVWV WR
KHOS LQGLYLGXDOV SUHSDUH IRU YDULRXV FHUWLILFDWLRQ H[DPV ZLWK FRQILGHQFH +HUH DUH VRPH NH\
IHDWXUHV DQG VHUYLFHV RIIHUHG E\ .LOOH[DPV FRP
$FWXDO ([DP 4XHVWLRQV .LOOH[DPV FRP SURYLGHV DFWXDO H[DP TXHVWLRQV WKDW DUH H[SHULHQFHG
LQ WHVW FHQWHUV 7KHVH TXHVWLRQV DUH XSGDWHG UHJXODUO\ WR HQVXUH WKH\ DUH XS WR GDWH DQG
UHOHYDQW WR WKH ODWHVW H[DP V\OODEXV %\ VWXG\LQJ WKHVH DFWXDO TXHVWLRQV FDQGLGDWHV FDQ
IDPLOLDUL]H WKHPVHOYHV ZLWK WKH FRQWHQW DQG IRUPDW RI WKH UHDO H[DP
([DP 'XPSV .LOOH[DPV FRP RIIHUV H[DP GXPSV LQ 3') IRUPDW 7KHVH GXPSV FRQWDLQ D
FRPSUHKHQVLYH FROOHFWLRQ RI TXHVWLRQV DQG DQVZHUV WKDW FRYHU WKH H[DP WRSLFV %\ XVLQJ WKHVH
GXPSV FDQGLGDWHV FDQ HQKDQFH WKHLU NQRZOHGJH DQG LPSURYH WKHLU FKDQFHV RI VXFFHVV LQ WKH
FHUWLILFDWLRQ H[DP
3UDFWLFH 7HVWV .LOOH[DPV FRP SURYLGHV SUDFWLFH WHVWV WKURXJK WKHLU GHVNWRS 9&( H[DP
VLPXODWRU DQG RQOLQH WHVW HQJLQH 7KHVH SUDFWLFH WHVWV VLPXODWH WKH UHDO H[DP HQYLURQPHQW DQG
KHOS FDQGLGDWHV DVVHVV WKHLU UHDGLQHVV IRU WKH DFWXDO H[DP 7KH SUDFWLFH WHVWV FRYHU D ZLGH
UDQJH RI TXHVWLRQV DQG HQDEOH FDQGLGDWHV WR LGHQWLI\ WKHLU VWUHQJWKV DQG ZHDNQHVVHV
*XDUDQWHHG 6XFFHVV .LOOH[DPV FRP RIIHUV D VXFFHVV JXDUDQWHH ZLWK WKHLU H[DP GXPSV 7KH\
FODLP WKDW E\ XVLQJ WKHLU PDWHULDOV FDQGLGDWHV ZLOO SDVV WKHLU H[DPV RQ WKH ILUVW DWWHPSW RU WKH\
ZLOO UHIXQG WKH SXUFKDVH SULFH 7KLV JXDUDQWHH SURYLGHV DVVXUDQFH DQG FRQILGHQFH WR LQGLYLGXDOV
SUHSDULQJ IRU FHUWLILFDWLRQ H[DPV
8SGDWHG &RQWHQW .LOOH[DPV FRP UHJXODUO\ XSGDWHV LWV TXHVWLRQ EDQN DQG H[DP GXPSV WR
HQVXUH WKDW WKH\ DUH FXUUHQW DQG UHIOHFW WKH ODWHVW FKDQJHV LQ WKH H[DP V\OODEXV 7KLV KHOSV
FDQGLGDWHV VWD\ XS WR GDWH ZLWK WKH H[DP FRQWHQW DQG LQFUHDVHV WKHLU FKDQFHV RI VXFFHVV
7HFKQLFDO 6XSSRUW .LOOH[DPV FRP SURYLGHV IUHH [ WHFKQLFDO VXSSRUW WR DVVLVW FDQGLGDWHV
ZLWK DQ\ TXHULHV RU LVVXHV WKH\ PD\ HQFRXQWHU ZKLOH XVLQJ WKHLU VHUYLFHV 7KHLU FHUWLILHG H[SHUWV
DUH DYDLODEOH WR SURYLGH JXLGDQFH DQG KHOS FDQGLGDWHV WKURXJKRXW WKHLU H[DP SUHSDUDWLRQ
MRXUQH\
'PS .PSF FYBNT WJTJU IUUQT LJMMFYBNT DPN WFOEPST FYBN MJTU
.LOO \RXU H[DP DW )LUVW $WWHPSW *XDUDQWHHG

Killexams VCE Exam Simulator 3.0.9

Download Killexams-Exam-Simulator-3.0.9.rar

Killexams has introduced Online Test Engine (OTE) that supports iPhone, iPad, Android, Windows and Mac. CIMAPRA19-F03-1-ENG Online Testing system will helps you to study and practice using any device. Our OTE provide all features to help you memorize and practice test questions and answers while you are travelling or visiting somewhere. It is best to Practice CIMAPRA19-F03-1-ENG Exam Questions so that you can answer all the questions asked in test center. Our Test Engine uses Questions and Answers from Actual F3 Financial Strategy exam.

Killexams Online Test Engine Test Screen

Killexams Online Test Engine Progress Chart

Killexams Online Test Engine Test History Graph

Killexams Online Test Engine Performance History

Killexams Online Test Engine Result Details

Online Test Engine maintains performance records, performance graphs, explanations and references (if provided). Automated test preparation makes much easy to cover complete pool of questions in fastest way possible. CIMAPRA19-F03-1-ENG Test Engine is updated on daily basis.

If you review these CIMAPRA19-F03-1-ENG PDF Download, you will get 100% marks.

Our platform is reliable and guarantees 100% success with CIMAPRA19-F03-1-ENG Practice Test. You only need to practice CIMAPRA19-F03-1-ENG questions for at least one day to score well on the exam. Your journey to success in the CIMAPRA19-F03-1-ENG exam truly begins with killexams.com, which is valid, updated, and verified.

Latest 2024 Updated CIMAPRA19-F03-1-ENG Real Exam Questions

The internet is filled with various Exam dumps suppliers, but a significant number of them are offering outdated CIMAPRA19-F03-1-ENG PDF Dumps. It is crucial to find a trustworthy and reliable CIMAPRA19-F03-1-ENG PDF Questions provider online. After conducting personal research, many individuals ultimately find themselves at killexams.com. However, it is essential to remember that the search should not end with wasting time and money. Start by downloading the 100% free CIMAPRA19-F03-1-ENG PDF Dumps and evaluating the sample CIMAPRA19-F03-1-ENG questions. Then, register and acquire the latest and accurate CIMAPRA19-F03-1-ENG PDF Dumps that contains real exam questions and answers. Don't forget to get fantastic discount coupons, and also obtain CIMAPRA19-F03-1-ENG VCE exam simulator for your preparation. A significant number of people have passed the CIMAPRA19-F03-1-ENG exam with the help of the PDF Exam dumps. It is rare for someone to read and practice with our CIMAPRA19-F03-1-ENG PDF Dumps and still get poor marks or fail in the real exam. Most individuals experience tremendous improvement in their knowledge and pass the CIMAPRA19-F03-1-ENG exam at their first attempt. That is why they continue to study our CIMAPRA19-F03-1-ENG PDF Questions, as it genuinely enhances their understanding. They can then work in real conditions in companies as professionals. We not only focus on passing the CIMAPRA19-F03-1-ENG test with our questions and answers, but we genuinely improve knowledge about CIMAPRA19-F03-1-ENG objectives and topics. This is why people trust our CIMAPRA19-F03-1-ENG PDF Dumps. You can download CIMAPRA19-F03-1-ENG PDF Dumps PDF on any device, such as an iPad, iPhone, PC, smart TV, or Android, to read and memorize the CIMAPRA19-F03-1-ENG PDF Dumps. Spend as much time reading CIMAPRA19-F03-1-ENG Questions and Answers as possible. Especially, practicing with the VCE exam simulator will help you memorize the questions and answer them correctly. You need to recognize these questions in a real exam, and practicing well before the real CIMAPRA19-F03-1-ENG exam will get you better marks.

Killexams Review | Reputation | Testimonials | Customer Feedback

The exam simulator developed by killexams.com is excellent. I was able to pass the CIMAPRA19-F03-1-ENG exam on my first try with 80% because of the questions and answers provided by their team. The query monetary organization was beneficial, and I am thankful to killexams.com for providing so many papers with answers to work on. This study kit is highly beneficial, and I would recommend it to anyone preparing for the CIMAPRA19-F03-1-ENG exam.
Martha nods [2024-4-4]

I was in search of EC exam dumps that would cater to my specific needs and requirements, and that's when I stumbled upon killexams.com. Within a brief period of time, their dumps cleared all my doubts. For the first time in my career, I appeared for the EC exam with the best education dump and managed to succeed with awesome marks. I am certainly glad, and the reason why I am here is to congratulate you on the extraordinary help you provided in the shape of the test material.
Richard [2024-4-10]

I found killexams.com to be an excellent resource for my CIMAPRA19-F03-1-ENG exam preparation. I was able to answer 44 out of 50 questions correctly in just 75 minutes, which is a great result. The answers provided in the exam preparation materials were compact and easy to understand, with relevant examples.
Martin Hoax [2024-4-11]

More CIMAPRA19-F03-1-ENG testimonials...

CIMAPRA19-F03-1-ENG F3 Dumps

CIMAPRA19-F03-1-ENG F3 Dumps :: Article Creator

References

Frequently Asked Questions about Killexams Braindumps

Can I get maximum discount on buying CIMAPRA19-F03-1-ENG cheatsheet?
Killexams provide the cheapest hence up-to-date CIMAPRA19-F03-1-ENG question bank that will greatly help you pass the exam. You can see the cost at https://killexams.com/exam-price-comparison/CIMAPRA19-F03-1-ENG You can also use a discount coupon to further reduce the cost. Visit the website for the latest discount coupons.

How many test I should take with killexams exam simulator?
You should keep on testing over and over until you get 100% marks.

Killexams provided me more than 1000 questions, how can I read?
We recommend using the PDF version of the exam on your laptop, mobile, and other devices to read during your spare time. Then use the killexams exam simulator to practice. This way you can read and memorize a complete pool of questions.

Is Killexams.com Legit?

Without a doubt, Killexams is hundred percent legit plus fully trusted. There are several characteristics that makes killexams.com reliable and authentic. It provides up to date and practically valid exam dumps containing real exams questions and answers. Price is nominal as compared to the majority of the services on internet. The questions and answers are updated on usual basis having most recent brain dumps. Killexams account make and merchandise delivery is very fast. Submit downloading is usually unlimited and also fast. Support is available via Livechat and E-mail. These are the characteristics that makes killexams.com a strong website that supply exam dumps with real exams questions.

Other Sources

Which is the best dumps site of 2024?

There are several Questions and Answers provider in the market claiming that they provide Real Exam Questions, Braindumps, Practice Tests, Study Guides, cheat sheet and many other names, but most of them are re-sellers that do not update their contents frequently. Killexams.com is best website of Year 2024 that understands the issue candidates face when they spend their time studying obsolete contents taken from free pdf download sites or reseller sites. That is why killexams update Exam Questions and Answers with the same frequency as they are updated in Real Test. Exam Dumps provided by killexams.com are Reliable, Up-to-date and validated by Certified Professionals. They maintain Question Bank of valid Questions that is kept up-to-date by checking update on daily basis.

If you want to Pass your Exam Fast with improvement in your knowledge about latest course contents and topics, We recommend to Download PDF Exam Questions from killexams.com and get ready for actual exam. When you feel that you should register for Premium Version, Just choose visit killexams.com and register, you will receive your Username/Password in your Email within 5 to 10 minutes. All the future updates and changes in Questions and Answers will be provided in your Download Account. You can download Premium Exam Dumps files as many times as you want, There is no limit.

Killexams.com has provided VCE Practice Test Software to Practice your Exam by Taking Test Frequently. It asks the Real Exam Questions and Marks Your Progress. You can take test as many times as you want. There is no limit. It will make your test prep very fast and effective. When you start getting 100% Marks with complete Pool of Questions, you will be ready to take Actual Test. Go register for Test in Test Center and Enjoy your Success.

100% Money Back Pass Guarantee

Back to List

Social Profiles

F3 Financial Strategy Exam Dumps

CIMAPRA19-F03-1-ENG Exam Format | Course Contents | Course Outline | Exam Syllabus | Exam Objectives

100% Money Back Pass Guarantee

CIMAPRA19-F03-1-ENG PDF Sample Questions

CIMAPRA19-F03-1-ENG Sample Questions

Killexams VCE Exam Simulator 3.0.9

If you review these CIMAPRA19-F03-1-ENG PDF Download, you will get 100% marks.

Latest 2024 Updated CIMAPRA19-F03-1-ENG Real Exam Questions

Tags

Killexams Review | Reputation | Testimonials | Customer Feedback

CIMAPRA19-F03-1-ENG F3 Dumps

References

Frequently Asked Questions about Killexams Braindumps

Is Killexams.com Legit?

Other Sources

Which is the best dumps site of 2024?

Important Braindumps Links

100% Money Back Pass Guarantee

Social Profiles