土豆 · 2020年12月22日
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%
为什么PMT不等于80呢
NO.PZ2016021705000022 问题如下 t.Com hterminethit coulissue $1,000 favalue bon with 8 percent coupon paisemi-annually ana five-yematurity $900 per bon If t.Com’s margintrate is 38 percent, its after-tcost of is closest to: A.6.2 percent. B.6.4 percent. C.6.6 percent. is correct.FV = $1,000; PMT = $40; N = 10; PV = -$900Solve for i. The six-month yiel i, is 5.3149%YTM = 5.3149% × 2 = 10.62985% r (1−t) = 10.62985%(1−0.38) = 6.5905% r1 − t) = 10.62985%(1 − 0.38) = 6.5905% 为啥PV=900而不是1000
NO.PZ2016021705000022问题如下t.Com hterminethit coulissue $1,000 favalue bon with 8 percent coupon paisemi-annually ana five-yematurity $900 per bon If t.Com’s margintrate is 38 percent, its after-tcost of is closest to: A.6.2 percent.B.6.4 percent.C.6.6 percent. is correct.FV = $1,000; PMT = $40; N = 10; PV = -$900Solve for i. The six-month yiel i, is 5.3149%YTM = 5.3149% × 2 = 10.62985% r (1−t) = 10.62985%(1−0.38) = 6.5905% r1 − t) = 10.62985%(1 − 0.38) = 6.5905% 给出的coupon rate都是年化的吗
NO.PZ2016021705000022问题如下t.Com hterminethit coulissue $1,000 favalue bon with 8 percent coupon paisemi-annually ana five-yematurity $900 per bon If t.Com’s margintrate is 38 percent, its after-tcost of is closest to: A.6.2 percent.B.6.4 percent.C.6.6 percent. is correct.FV = $1,000; PMT = $40; N = 10; PV = -$900Solve for i. The six-month yiel i, is 5.3149%YTM = 5.3149% × 2 = 10.62985% r (1−t) = 10.62985%(1−0.38) = 6.5905% r1 − 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
NO.PZ2016021705000022 问题如下 t.Com hterminethit coulissue $1,000 favalue bon with 8 percent coupon paisemi-annually ana five-yematurity $900 per bon If t.Com’s margintrate is 38 percent, its after-tcost of is closest to: A.6.2 percent. B.6.4 percent. C.6.6 percent. is correct.FV = $1,000; PMT = $40; N = 10; PV = -$900Solve for i. The six-month yiel i, is 5.3149%YTM = 5.3149% × 2 = 10.62985% r (1−t) = 10.62985%(1−0.38) = 6.5905% r1 − t) = 10.62985%(1 − 0.38) = 6.5905% 这个是C以900元的价格发行到期日为1000的债券不是，所以当期获得900的现金流入，到期付出1000.
NO.PZ2016021705000022 问题如下 t.Com hterminethit coulissue $1,000 favalue bon with 8 percent coupon paisemi-annually ana five-yematurity $900 per bon If t.Com’s margintrate is 38 percent, its after-tcost of is closest to: A.6.2 percent. B.6.4 percent. C.6.6 percent. is correct.FV = $1,000; PMT = $40; N = 10; PV = -$900Solve for i. The six-month yiel i, is 5.3149%YTM = 5.3149% × 2 = 10.62985% r (1−t) = 10.62985%(1−0.38) = 6.5905% r1 − t) = 10.62985%(1 − 0.38) = 6.5905% RT
