NO.PZ2016021705000022
问题如下:
Dot.Com has determined that it could issue $1,000 face value bonds with an 8 percent coupon paid semi-annually and a five-year maturity at $900 per bond. If Dot.Com’s marginal tax rate is 38 percent, its after-tax cost of debt is closest to:
选项:
A.
6.2 percent.
B.
6.4 percent.
C.
6.6 percent.
解释:
C is correct.
FV = $1,000; PMT = $40; N = 10; PV = -$900
Solve for i. The six-month yield, i, is 5.3149%
YTM = 5.3149% × 2 = 10.62985%
rd(1 − t) = 10.62985%(1 − 0.38) = 6.5905%
为啥pv是900,老师,我感觉我前面没有学好,能详细解答吗。感谢