張同學
2020-12-07 10:36老師好!題目如下: A 20-year $1,000 fixed-rate non-callable bond with 8% annual coupons currently sells for $1,105.94. Assuming a 30% marginal tax rate and an additional risk premium for equity relative to debt of 5%, the cost of equity using the bond-yield-plus-risk-premium approach is closest to: A 9.9% B 12% C 13% 答案是B,為什么這里的R不用抵扣稅呢?謝謝!
所屬:CFA Level I > Corporate Finance 視頻位置 相關試題
來源: 視頻位置 相關試題
1個回答
Vicky助教
2020-12-07 13:35
該回答已被題主采納
同學你好,
因為這里需要計算的是股權的融資成本,只有債務融資才會產生利息,才會有稅盾的效果哦。
