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caramelhan2021-09-18 07:45:34

求Based on the MM propositions with corporate taxes, Garth's cost of equity after the debt issuance is closest to: 条件Garth has announced that it plans to abandon the prior policy of all-equity financing by the issuance of £1 million in debt in order to buy back an equivalent amount of equity. Garth's before-tax cost of debt is 6%. garth在无杠杆下的V=EBIT/r,为什么答案是带上1-t?这不对吧

回答(1)

Chris Lan2021-09-18 08:57:24

同学你好
这里说的是with corporate taxes,所以要考虑税后回报,因此乘以1-t是考虑的税后回报。有没有杠杆是看利息。

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