Latest PDF of CIMAPRA19-F03-1-ENG: F3 Financial Strategy

F3 Financial Strategy Practice Test

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 latest 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 latest 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 latest 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

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 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.

Take CIMA CIMAPRA19-F03-1-ENG Study Guides and practice with Mock Questions

Killexams.com provides the latest and updated CIMAPRA19-F03-1-ENG Practice Questions with Questions Answers for new subjects of the CIMA CIMAPRA19-F03-1-ENG exam. Practice our CIMAPRA19-F03-1-ENG Question Bank and Cram Guide to enhance your skills and pass your test with high marks. We ensure your success in the test center, covering all the points of the exam and improving your knowledge of the CIMAPRA19-F03-1-ENG exam.

Latest 2025 Updated CIMAPRA19-F03-1-ENG Real exam Questions

There are numerous providers of Practice Questions on the web, but a huge portion of them offer outdated CIMAPRA19-F03-1-ENG Study Guide. It's important to find a reliable and trustworthy provider of CIMAPRA19-F03-1-ENG Practice Questions online. We suggest checking out killexams.com. However, it's important to remember that conducting thorough research can prevent wasting money. We recommend going to killexams.com and downloading 100% free CIMAPRA19-F03-1-ENG Mock Exam to try out the sample questions. If you're satisfied, register and get three months of access to get the latest and valid CIMAPRA19-F03-1-ENG Study Guide that contains actual exam questions and answers. Additionally, you should obtain the CIMAPRA19-F03-1-ENG VCE exam simulator for your training. You can copy the CIMAPRA19-F03-1-ENG Practice Questions PDF to any device, such as an iPad, iPhone, PC, smart TV, or Android, to read and memorize the real CIMAPRA19-F03-1-ENG questions while you're on vacation or traveling. This saves you a significant amount of time and provides more opportunities to concentrate on CIMAPRA19-F03-1-ENG questions. Practice with the CIMAPRA19-F03-1-ENG Study Guide using the VCE exam simulator repeatedly until you achieve a 100% score. Once you feel confident, head straight to the Test Center for the real CIMAPRA19-F03-1-ENG exam.

Killexams Review | Reputation | Testimonials | Customer Feedback

Whenever I want to take a certification test, I go straight to killexams.com. Their materials are worth admiring, and I always pass the tests with precise rankings. Thanks to their resources, I'm always confident and well-prepared.
Lee [2025-5-27]

I'm not a fan of online resources like killexams.com because they're often published by untrustworthy individuals who mislead me into studying things I don't need and missing things I should be focusing on. However, killexams.com Questions Answers is completely trustworthy and helped me overcome my CIMAPRA19-F03-1-ENG exam preparation. I passed this exam on the second attempt and scored 87% marks. Thank you, killexams.com.
Martha nods [2025-4-19]

To become CIMAPRA19-F03-1-ENG certified, I was determined to pass the exam after failing the last two attempts. Thankfully, I received killexams.com material from my cousin. I was very impressed with the Questions Answers material as I scored 89%. I am satisfied that I scored above the margin mark without any difficulty. The material was well-formatted and enriched with essential standards, making it an incredible preference for the exam.
Martha nods [2025-4-11]

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

CIMAPRA19-F03-1-ENG Exam

User: Maxine*****

I recently passed my cimapra19-f03-1-eng exam with a score of 100%! To be honest, I never expected to do so well, but Killexams.com turned out to be a gem in exam preparation. I had a good feeling about it, as it seemed to cover all the necessary subjects and provided many practice questions. I was pleasantly surprised to find many similar questions on the actual exam. I highly recommend using Killexams for exam preparation.

User: Constance*****

Although I failed on the first attempt, the outcome changed dramatically, and I succeeded in the cimapra19-f03-1-eng second attempt with the help of killexams.com. Their exam simulator is excellent.

User: Júlia*****

Although some lessons were intricate, I was able to comprehend them using the Killexams Questions Answers and exam simulator, answering all questions with ease. The quality and validity of killexams cimapra19-f03-1-eng practice exams are unmatched. All the questions in the product were in the actual test as well. I was amazed by the accuracy of the material and grateful for the assistance and support that Killexams provided to me.

User: Stephanie*****

Passing the CIMAPRA19-F03-1-ENG exam seemed impossible for me as I could not manage my study time well. With only 10 days left, I referred to the exam using Killexams.com, and it made my life easier. The subjects were provided correctly and were dealt with nicely within the test. I scored a suitable 959. Thanks, Killexams. I was hopeless, but Killexams.com gave me the desire and helped me pass the exam. I owe my success to you.

User: Mischa*****

When I used Killexams.com for my CIMAPRA19-F03-1-ENG exam for the first time, I did not know what to expect. But, to my surprise, the site exceeded my expectations. The learning engine and practice exams work wonderfully, and the questions are valid. By valid, I mean that they are actual exam questions, and I saw many of them on my actual exam. I have a good impression of this site and would not hesitate to recommend it to my colleagues.

CIMAPRA19-F03-1-ENG Exam

Question: Is killexams CIMAPRA19-F03-1-ENG exam guide dependable?
Answer: Yes, killexams guides contain up-to-date and valid CIMAPRA19-F03-1-ENG practice test. These Questions Answers in the study guide will help you pass your exam with good marks.

Question: Why some files in my account could not be downloaded?
Answer: Sometimes, our system accumulates all the questions/answers in one file and still attains the blank file in your get section. If you can see all the questions in one file, it is normal that a blank file is not downloading.

Question: How much time killexams support takes to respond?
Answer: Usually, support keeps on responding to inquiries but due to a long list of emails, it takes up to 24 hours to respond to an email. It also depends on the query. Sometimes, the information required in the email takes time to investigate and deliver. Most emails are responded less than 6 hours.

Question: How much are CIMAPRA19-F03-1-ENG test prep and vce practice test fees?
Answer: You can see every CIMAPRA19-F03-1-ENG practice test price-related information from the website. Usually, discount coupons do not stand for long, but there are several discount coupons available on the website. Killexams provide the cheapest hence up-to-date CIMAPRA19-F03-1-ENG dumps collection 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.

Question: Where can I get CIMAPRA19-F03-1-ENG Practice Test?
Answer: Yes, You can get the VCE exam simulator from your MyAccount. For CIMAPRA19-F03-1-ENG Practice tests, you need to Install Killexams exam Simulator on your computer with Windows operating system. You can follow the steps provide at https://killexams.com/exam-simulator-installation.html to install and open the exam simulator on your computer. exam simulator is used to practice CIMAPRA19-F03-1-ENG exam questions and answers.

References

Frequently Asked Questions about Killexams Practice Tests

Which website provide valid TestPrep?
Killexams is the best certification brainpractice questions website that provides up-to-date and 100% valid exam questions with practice tests. These VCE practice exams are very good for test practice to pass the exam on the first attempt. Killexams team keeps on updating the exam practice questions continuously.

Is there any way to pass CIMAPRA19-F03-1-ENG exam without studying coursebooks?
Killexams has provided the shortest CIMAPRA19-F03-1-ENG practice questions for busy people to pass CIMAPRA19-F03-1-ENG exam without memorizing massive course books. If you go through these CIMAPRA19-F03-1-ENG questions, you are more than ready to take the test. We recommend taking your time to study and practice CIMAPRA19-F03-1-ENG exam practice questions until you are sure that you can answer all the questions that will be asked in the actual CIMAPRA19-F03-1-ENG exam. For a full version of CIMAPRA19-F03-1-ENG brainpractice questions, visit killexams.com and register to get the complete dumps collection of CIMAPRA19-F03-1-ENG exam brainpractice questions. These CIMAPRA19-F03-1-ENG exam questions are taken from actual exam sources, that\'s why these CIMAPRA19-F03-1-ENG exam questions are sufficient to read and pass the exam. Although you can use other sources also for improvement of knowledge like textbooks and other aid material these CIMAPRA19-F03-1-ENG practice questions are sufficient to pass the exam.

Where am I able to get CIMAPRA19-F03-1-ENG updated practice questions?
You can get up-to-date CIMAPRA19-F03-1-ENG practice questions at Killexams. Killexams recommend these CIMAPRA19-F03-1-ENG questions to memorize before you go for the actual exam because this CIMAPRA19-F03-1-ENG dumps collection contains to date and 100% valid CIMAPRA19-F03-1-ENG dumps collection with the new syllabus. Killexams has provided the shortest CIMAPRA19-F03-1-ENG practice questions for busy people to pass CIMAPRA19-F03-1-ENG exam without memorizing massive course books. If you go through these CIMAPRA19-F03-1-ENG questions, you are more than ready to take the test. We recommend taking your time to study and practice CIMAPRA19-F03-1-ENG exam practice questions until you are sure that you can answer all the questions that will be asked in the actual CIMAPRA19-F03-1-ENG exam. For a full version of CIMAPRA19-F03-1-ENG brainpractice questions, visit killexams.com and register to get the complete dumps collection of CIMAPRA19-F03-1-ENG exam brainpractice questions. These CIMAPRA19-F03-1-ENG exam questions are taken from actual exam sources, that\'s why these CIMAPRA19-F03-1-ENG exam questions are sufficient to read and pass the exam. Although you can use other sources also for improvement of knowledge like textbooks and other aid material these CIMAPRA19-F03-1-ENG practice questions are sufficient to pass the exam.

Is Killexams.com Legit?

Absolutely yes, Killexams is fully legit and fully reliable. There are several attributes that makes killexams.com traditional and authentic. It provides updated and 100% valid test questions filled with real exams questions and answers. Price is minimal as compared to many of the services on internet. The Questions Answers are current on regular basis together with most latest brain dumps. Killexams account setup and device delivery can be quite fast. Data downloading is usually unlimited as well as fast. Assist is available via Livechat and Email address. These are the characteristics that makes killexams.com a sturdy website that include test questions with real exams questions.

Other Sources

Which is the best testprep site of 2025?

There are several Questions 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 2025 that understands the issue candidates face when they spend their time studying obsolete contents taken from free pdf get sites or reseller sites. That is why killexams update exam Questions Answers with the same frequency as they are updated in Real Test. Testprep provided by killexams.com are Reliable, Up-to-date and validated by Certified Professionals. They maintain dumps collection 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 get 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 Answers will be provided in your get Account. You can get Premium exam questions 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 Practice Test

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

Take CIMA CIMAPRA19-F03-1-ENG Study Guides and practice with Mock Questions

Latest 2025 Updated CIMAPRA19-F03-1-ENG Real exam Questions

Tags

Killexams Review | Reputation | Testimonials | Customer Feedback

CIMAPRA19-F03-1-ENG Exam

CIMAPRA19-F03-1-ENG Exam

References

Frequently Asked Questions about Killexams Practice Tests

Is Killexams.com Legit?

Other Sources

Which is the best testprep site of 2025?

Important Links for best testprep material

100% Money Back Pass Guarantee

Social Profiles