最近小编发现有人咨询关于CFA公司金融部分备考内容，可能很多人感觉对于这部分考点理解的不是太通透，下面高顿CFA小编推送精选的CFA公司金融练习题供参考。
　　下面cfa三级学长推荐了一份很完整cfa备考精华资料，在CFA考试前，一份CFA好资料+更早的准备cfa考试，能够大大提升通过率。关于2017-2018年年CFA学习,建议可以早点下载2017-2018最新CFA电子资料进行了解学习（点我下载）
CFA公司金融精选练习题
　　The Seattle Corporation has been presented with an investment opportunity which will yield cash flows of$30,000 per year in years 1 through 4,$35,000 per year in years 5 through 9,and$40,000 in year 10.This investment will cost the firm$150,000 today,and the firm's cost of capital is 10%.The payback period for this investment is closest to:
　　A.4.86 years.
　　B.5.23 years.
　　C.6.12 years.
　　Answer=A
　　With$30,000 unrecovered cost in year 5,and$35,000 cash flow in year 5;$30,000/$35,000=0.86 years:4+0.86=4.86 years.
　　解析：
　　先看问题，这道题求的是Payback Period，所以算年限就可以了，就不需要直接列出所有的年份，也不需要任何的折现。那先看15万的金额，在第五年就可以还清，而且还有剩余，那切实的就是第五年30000/35000得到0.86。也就可得总额是4.86。这类题，payback period只要数年份就可以了（处理一下最后一年）。
　　A company has the following information:
　　üA target capital structure of 40%debt and 60%equity.
　　ü$1,000 par value bonds pay 10%coupon(semi-annual payments),mature in 20 years,and sell for$849.54.
　　üThe company stock beta is 1.2.
　　üRisk-free rate is 10%,and market risk premium is 5%.
　　üThe company's marginal tax rate is 40%.
　　The weighted average cost of capital(WACC)is closest to:
　　A.13.0%.
　　B.12.5%.
　　C.13.5%.
　　Answer=B
　　Ks=0.10+(0.05)*(1.2)=0.16 or 16%
　　Kd=Solve for i:N=40,PMT=50,FV=1,000,PV=-849.54,CPT I=6×2=12%
　　WACC=(0.4)*(12)*(1-0.4)+(0.6)*(16)=2.88+9.6=12.48
　　解析：
　　WACC的计算，其实就是要记住公式，一定要弄清税前税后都是哪个。
　　公式就不多讲了，按上面的答案带入计算即可。
　　Which of the following statements about business risk and financial risk is least accurate?
　　A.Business risk is the riskiness of the company's assets if it uses no debt.
　　B.Factors that affect business risk are demand,sales price,and input price variability.
　　C.The greater a company's business risk,the higher its optimal debt ratio.
　　Answer=C
　　The greater a company’s business risk,the lower its optimal debt ratio.
　　解析：
　　这题是基本的概念理解题，没有那么重要，但是需要了解。公司的商业风险提高了，那么公司的股东就会有很大的顾虑。大家学了公司金融，要明确股东的利益才是公司最高的利益，所以股东会在高商业风险下，给公司施加压力。由此，公司的举债利率会下降，来让公司已有股东或债权人安心。