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AGA GFMC - Examination 3: Governmental Financial Management and Control (GFMC) Exam Braindumps

AGA GFMC - Examination 3: Governmental Financial Management and Control (GFMC) Exam Braindumps

  • Certification Provider:AGA
  • Exam Code:GFMC
  • Exam Name:Examination 3: Governmental Financial Management and Control (GFMC) Exam Exam
  • Total Questions:276 Questions and Answers
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NEW QUESTION: 1
Which Git command is needed to stage the file network-deploy.py to then commit the changes to the revision history?
A. git init network-deploy.py
B. git merge network-deploy.py
C. git commit network-deploy.py
D. git add network-deploy.py
Answer: D

NEW QUESTION: 2
Apex code can be initiated in what ways? (Select all that apply)
A. More?? Is "Button Clicks" a valid choice?
B. Triggers on objects.
C. Web service requests.
Answer: A,B,C

NEW QUESTION: 3
With which of the following could EIGRP and OSPF achieve sub second convergence ?
(Choose Two)
A. BFD
B. Triangle topology
C. Ring topology
D. IP SLA
E. Tuning timers
F. Square topology
Answer: A,B

NEW QUESTION: 4
A firm has to pay 1.5% fee to underwriters when it issues new equity. The firm has a dividend payout ratio of 37% and a return on equity of 13.9%. The firm has just announced earnings of $3.27 per share. If the stock's cost of external equity is 14.9%, how much capital would the firm raise by issuing 6 million shares?
A. $98.33 million
B. $111.12 million
C. none of these answers
D. $130.55 million
Answer: D
Explanation:
Explanation/Reference:
Explanation:
IF F is the percentage flotation cost and P is the amount of new equity raised per new share, then P = D1/[(Ke - g)(1-F)], where Ke is the cost of external equity and D1 is next year's expected dividend.
Also, g = ROE*retention ratio = ROE*(1-payout ratio) = 13.9%*(1-37%) = 8.76%. D1 = 3.27*0.37*(1
+8.76%) = $1.316. Therefore, P = 1.316/[(1-1.5%)*(14.9% - 8.76%) = $21.76. By issuing 6 million shares, the firm will therefore raise 6*21.74 = $130.55 million.

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