No.PZ2021051502000011 (选择题)
来源:
Vega announced that it will issue debt and use the proceeds to repurchase shares to achieve the optimal capital structure. Consider the costs of financial distress, after the Vega repurchase shares, the one will decrease is most likely:
您的回答A, 正确答案是: C
A
Cost of equity
B
After-tax cost of debt
C
The weighted average cost of capital
解析
Correct Answer: C
According to the static trade-off theory of capital structure, the tax benefit from the deductibility of interest on debt outweighs the increased costs of both debt and equity that are associated with higher debt levels, up to an optimal point.
考点：Corporate Issuers - Capital Structure - Static Trade-Off Theory
老师，有点忘记了该题的解决思路了，麻烦帮忙指导一下吧，谢谢
