葛同學(xué)
2018-05-17 17:0923. Two years ago, a company issued $20 million in long-term bonds at par value with a coupon rate of 9 percent. The company has decided to issue an additional $20 million in bonds and expects the new issue to be priced at par value with a coupon rate of 7 percent. 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 closest to: A. 4.2%. B. 4.8%. C. 5.4%. 這道題 兩個都是平價發(fā)行bond 那不應(yīng)該是加權(quán)平均來計(jì)算rd嗎？ 為什么只考慮了新的Bond， 老的bond的rd不用考慮進(jìn)WACC的計(jì)算中嗎？
所屬：CFA Level I 視頻位置 相關(guān)試題
來源： 視頻位置 相關(guān)試題
1個回答
Yan助教
2018-05-17 18:19
該回答已被題主采納
同學(xué)你好，算WACC時是用的marginal cost of debt, 之前發(fā)行的不屬于marginal。所以算的是第2個就可以了。
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