For Analytical purposes, what is the impact onm the debt to equity ratio if the market rate of interest increases after the bond issued?
看到这道题,有点想不明白,请大家帮忙分析下,谢谢啊
如果interest rate增加,bond的market value减小,所以如果D/E rario是用market value来算的话,D/E减小。
但是如果是做分析的目的为M&A,算Target的D/E,D/E是用那里可以optimal capital structure的D/E, 与market value无关
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