64. Assume U.S. GAAP (generally accepted accounting principles) applies unless
otherwise noted.
A company is considering issuing either a straight coupon bond or a coupon bond
with warrants attached. The proceeds from either issue would be the same. If the
firm issues the bond with warrants attached instead of the straight coupon bond,
which of the following ratios will most likely be lower for the bond with warrants?
A. Return on assets.
B. Debt to equity ratio
C. Interest coverage ratio.
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