|
- UID
- 223348
- 帖子
- 250
- 主题
- 63
- 注册时间
- 2011-7-11
- 最后登录
- 2013-8-22
|
2#
发表于 2013-4-10 23:40
| 只看该作者
Sorry, somehow my previous text input got cut off.
Ok. Here’s the book example:
At Volume 4 book, page 67. Table 5 WACC for Alternative Capital Structures
I tried to verify one of the answers and I took the sample of D/D+E = 0.2
Based on the table data beta=1.04; r of debt=6.5%; r of equity=8.4%; tax rate=36%; I calculated the WACC for this debttocapital ratio is 7.5%.
But the book result is 7.6%.
Am I wrong or the book wrong?
Thanks,
Hui |
|
