问题如下:
Suppose the tax rate drops from 40% to 25%. Which of the following statements is correct if everything else hold constant?
选项:
A.The cost of debt will increase.
B.The cost of debt will decrease.
C.The cost of capital remains the same.
解释:
A is correct.
考点:Capital Structure Theory: with tax
解析: 当税率下降时,税后债务资本成本将上升。
老师好 如果这题用wacc 公式做不是rd = (wacc - weight of equity *re)/wd (1-t), 这样的话 如果其他都不变,不是税率下去后,分母变大,然后rd变小吗? 和答案不符。 谢谢。