NO.PZ2022101402000003
问题如下：
Which of the following statements concerning cost of capital factors is least likely correct?
选项：
A.Developed economies typically have more established, liquid capital markets with greater capital availability than those of developing economies.
The ERP demanded by investors tends to increase during recessions and decrease during expansionary times.
C.The lower a company’s marginal income tax rate, the greater the tax benefit associated with using debt in the capital structure.
解释：
C is correct.
The higher a company’s marginal income tax rate, the greater the tax benefit associated with using debt in the capital structure
tax benefit指的是rd*（1-t）还是rd*[（1-t1）-（1-t2)]
