这个知识点在哪

问题如下：

Yee is concerned about the effects on FCFE of the following three possible financial actions:

• Increasing common stock cash dividends by $110 million

• Repurchasing $60 million of common shares

• Reducing its outstanding long-term debt by $100 million

The most likely combined effect of the three possible financial actions will reduce FCFE ($ millions) by:

选项：

$150

$270

$100

解释：

The three possible actions are:

1. Increasing common dividends = $110 million, which is a use of FCFE – no effect on FCFE.

2. Share repurchase = $60 million, which is a use of FCFE – no effect on FCFE.

3. Debt repayment = $100 million, which will reduce FCFE by the full amount.

Therefore, FCFE will decrease by $100 million. Reducing debt by $100 million reduces FCFE (the amount of cash available to equity holders) by that amount. The cash dividend and the share repurchase are uses of FCFE and do not change the amount of cash available to equity holders.

$160 is incorrect because it adds long-term debt of $100 million and $60 million share repurchases.

$270 is incorrect because it adds all three amounts.