[CFA level 1模拟真题]Version 3 Questions－Q37 percent, current, capital, face

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Q37 Mila Rabinovitch is estimating the cost of capital for her firm. She has estimated the before-tax costs of the current sources of capital to be 8 percent for debt and 9 percent for equity. If the firm's marginal tax rate is 40 percent, the costs of debt and equity she should use in her calculation are closest to :

	Cost of Debt	Cost of Equity
A	8.0%	9.0%
B	8.0%	5.4%
C	4.8%	9.0%
D	4.8%	5.4%

[此贴子已经被作者于2007-10-29 20:19:59编辑过]

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答案和详解如下：

Q37.   C   Study Session 11-48-h

Debt casts are tax-deductible to the firm whereas equity costs are not.

Cost of debt=8*(1-0.40)= 4.8%, and the cost of equity =9%

vivian1022

c

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C

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c