楊同學(xué)
2023-08-07 10:24什么時候會用到 marginal cost of capital呢? 一般npv不是用市場利率計算的不?
所屬:CFA Level I > Corporate Issuers 視頻位置 相關(guān)試題
來源: 視頻位置 相關(guān)試題
1個回答
Alex助教
2023-08-07 14:29
該回答已被題主采納
你好同學(xué)
MCC實際上就是WACC
參考原版書
The weighted average is referred to as the weighted average cost of capital
(WACC). The WACC is also referred to as the marginal cost of capital (MCC) because
it is the cost that a company incurs for additional capital. Further, this is the current
cost: what it would cost the company today.
正常情況下用MCC折現(xiàn)沒有問題。但是這道題提到了新項目的要求回報率,可以理解成投資人對這個項目有額外的回報率要求。所以在這種情況下計算NPV用了新項目的要求回報率。
