NO.PZ2016021706000023
问题如下:
TAT Company has a target capital structure of 30% debt and 70% equity. And the company's marginal tax rate is 20%.
The information about the bond and the equity is shown in the following tables.
What's the company's after-tax cost of debt?
选项:
A.8%.
B.9%.
C.10%.
解释:
A is correct.
The company's after-tax cost of debt = kd(1-t) = (10%)*(1-20%)= 8%.
为什么不用第一个表格里bond的数据来算I/Y,之后再乘2的那个数作为cost of debt的数值呢