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CFA一级 Corporate Finance Reading37 的课后习题
本帖最后由 北落艾西 于 2014-4-14 21:38 编辑
其实2013版的课后题跟2014版的课后题是一样的,在2014版的书上P76页的第23题,原题如下
two years ago,a company issued $20 million in long-time bonds at par value with a coupon rate of 9 percent. the company has decided to issue an additional $20 million in bonds and experts the new issue to be priced at par value with a coupon rate of 7 percnet. the company has no other debt outstanding and has a tax rate of 40 percent. to compute the company's weighted average cost of capital, the appropriate after-tax cost of debt is closed to
A 4.2%
B 4.8%
C 5.4%
答案是A, 是直接用coupon rate 7 乘以 1-40% 的出来的,按理说这里的coupon不是YTM,只是coupon rate 而已,应该是YTM 乘以 1-40% 才对。 这个题看不懂
请老师帮我解决一下我的疑惑。 |
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