Board logo

标题: cfa民间高手赐教 [打印本页]

作者: Mechanic    时间: 2012-6-7 12:09     标题: cfa民间高手赐教

a firm has an after-tax cost of debt of 5%, a cost of equity of 9%,and earns 1% on its surplus cash. A share repurchase will increase the company's EPS when the repurchase is funded with :

A. debt,and the earnings yield is less 5%

B. debt, and the campany's PEratios is greater than 5%


C. surplus cash ,and the repurchase price is greater than the campany's BVPS.


which and why?

thank you!
作者: therecruit    时间: 2012-6-7 12:09

is the answer c?
作者: yodacaia    时间: 2012-6-7 12:09

right,can you give the detail analysis ?




欢迎光临 CFA论坛 (http://forum.theanalystspace.com/) Powered by Discuz! 7.2