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CFA一级
包含CFA一级传统在线课程、通关课程及试题相关提问答疑;
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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?
已回答2. Which of the following statements is correct? A. The appropriate tax rate to use in the adjustment of the before-tax cost of debt to determine the after-tax cost of debt is the average tax rate because interest is deductible against the company's entire taxable income. B. For a given company, the after-tax cost of debt is generally less than boththecost of preferred equity and the cost of common equity. C. For a given company, the investment opportunity schedule is upward sloping because as a company invests more in capital projects, the returns from investing increase. B的说法严谨吗?也有债券融资成本很高的公司吧?
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