FF2019-05-12 20:28:11

23. Two years ago, a company issued $20 million in long-term bonds at par value with a coupon rate of 9 percent. The company has decided to issue an additional $20 million in bonds and expects the new issue to be priced at par value with a coupon rate of 7 percent. The company has no other debt outstanding and has a tax rate of 40 percent. To compute the company's weighted average cost of capital, the appropriate after-taxcostofdebt is closest to: A. 4.2%. B. 4.8%. C. 5.4%. 两年前发行的20M就不考虑在内了吗？