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AFP CTP Exam
Certified Treasury Professional (Page 11 )

Updated On: 19-Jan-2026
Page 11 of 188
PDF with 1076 Questions

The lockbox receipt records for one 30-day month are provided below. The opportunity costs are 10%.



What is the annual cost of float rounded to the nearest dollar?

  1. $167
  2. $385
  3. $417
  4. $500

Answer(s): D



The before-tax cost of long-term debt is 10% and the cost of equity is 12%.



The marginal tax rate is 35%. The company's weighted average cost of capital is:

  1. 6.3%.
  2. 8.3%.
  3. 10.6%.
  4. 11.3%.

Answer(s): B



Refer to the following information about a company at the end of its fiscal year.



The before-tax cost of long-term debt is 10% and the cost of equity is 12%. The marginal tax rate is 35%.
What is the company's long-term debt to total capitalization ratio?

  1. 0.44
  2. 0.67
  3. 0.73
  4. 0.78

Answer(s): B



T-bill discount rate = 5.85% T-bill face value = $100,000 Initial term = 90 days

If the U.S. Treasury was considering issuing a 91-day T-bill at the same time as this T-bill, what discount rate would cause both instruments to have the same purchase price?

  1. 5.71%
  2. 5.79%
  3. 5.87%
  4. 5.92%

Answer(s): B



Advantages of writing checks locally on a centralized disbursing bank include all of the following EXCEPT which statement?

  1. It minimizes the number of banks.
  2. It provides opportunity for volume discounts on bank charges.
  3. It reduces idle balances.
  4. It decreases administrative costs.

Answer(s): D



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