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Free CIMA CIMAPRA19-F03-1-ENG Exam Questions

Absolute Free CIMAPRA19-F03-1-ENG Exam Practice for Comprehensive Preparation 

  • CIMA CIMAPRA19-F03-1-ENG Exam Questions
  • Provided By: CIMA
  • Exam: F3 Financial Strategy (Online)
  • Certification: CIMA Professional Qualification
  • Total Questions: 305
  • Updated On: May 21, 2026
  • Rated: 4.9 |
  • Online Users: 610
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  • Question 1
    • A company gas a large cash balance but its directors have been unable to identify any positive NPV projects to invest in. Which THREE of the following are advantages of a share repurchase, compared with a one-off large dividend? 

      Answer: A,D
  • Question 2
    • Extracts from a company's profit forecast for the next financial year as follows:

      11
      Since preparing the forecast, the company has decided to return surplus cash to shareholders by a share
      repurchase arrangement.
      The share repurchase would result in the company purchasing 20% of the 1,250 million ordinary shares
      currently in issue and canceling them.
      Assuming the share repurchase went ahead, the impact on the company's forecast earnings per share will be an
      increase of: 

      Answer: A
  • Question 3
    • When valuing an unlisted company, a P/E ratio for a similar listed company may be used but adjustments to
      the P/E ratio may be necessary.
      Which THREE of the following factors would justify a reduction in the proxy p/e ratio before use? 

      Answer: A,B,C
  • Question 4
    • Company A is located in Country A, where the currency is the A$.
      It is listed on the local stock market which was set up 10 years ago.
      It plans a takeover of Company B, which is located in Country B where the currency is the B$, and where the
      stock market has been operating for over 100 years.
      Company A is considering how to finance the acquisition, and how the shareholders of Company B might
      respond to a share exchange or cash (paid in B$).
      Which of the following is likely to explain why the shareholders of Company B would prefer a share exchange
      as opposed to a cash offer?

      Answer: D
  • Question 5
    • The Board of Directors of Company T is considering a rights issue to fund a new investment opportunity
      which has a zero NPV.
      The Board of Directors wishes to explain to shareholders what the theoretical impact on their wealth will be as
      a result of different possible actions during the rights issue.
      Which THREE of the following statements in respect of theoretical shareholder wealth are true?

      Answer: A,C
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