如何用税率计算资本成本?
解决方案
解决方案如下-
债务成本=(我Ñ吨ËřË小号吨+([RËdË米p吨我öÑv一个升üëö˚FdËbËÑ吨üřë-我小号小号üËp-[R我ce)/maturityÿË一-[R)(1-吨一个X-[R一吨ë)(-[RËdË米p吨我öÑv一个升üëö˚FdËbËÑ吨üřË+我小号小号ùëpř我çë)/2=(利息+(债券的赎回价值-发行价格)/到期年)(1-税率)(债券的赎回价值+发行价格)/2
Interest = 12 Redemption value = 110 Issue price = 80 Tax rate = 42% => 0.42 Maturity year = 2 years
债务成本==(12+(110–80)/2)(1−0.42))(110+80)/2=(12+(110–80)/2)(1−0.42))(110+80)/2
债务成本==15.6695=15.6695
债务成本=16.48%
优先资本成本
=(dividendspershare+(netprice–(issueprice−floationcost)/redemptionperiod(netprice–(issueprice−fl