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[CFA level 1模拟真题]Version 3 Questions-Q37

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]

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%

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c

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c

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c

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c

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ccc

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c

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