NO.PZ2016091001000007
问题如下:
An analyst is evaluate the coupon bond of CC Inc. It's a 10-year, option-free, annual coupon bond with a 4% coupon rate. The bond is expected sell at 90%. The after-tax cost of debt is most likely(assume that CC Inc.'s marginal tax rate is 40%):
选项:
A. 5.31%.
B. 3.19%.
C. 2.40%.
解释:
B is correct.
Using a financial calculator: N=10, PMT=40, PV=-900, FV=1000, solve for I/Y=5.31%.
The after-tax cost of debt=yield(1-t)=5.31%(1-40%)=3.19%
题中没有数字,不知道为什么会带入这两个数