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匿名使用者 發問時間: 社會與文化語言 · 1 0 年前

想請教英文公司理財&財務管理考題的問題

是英文的題目,中文題目可能都算不好了

想請問一下這題怎麼翻譯、怎麼求解啊 ?

Garnet corporation is considering issuing risk-free dept or risk-free preffered stock.

the tax rate on interest income is 35% , and the tax rate on dividends or capital gains

from preffered stock is 15% . However , the diviendeds on preffered stock are not

deductible for corporate tax purposes , and the corporate tax rate is 40%

a.If th risk-free interest rate for dept is 6% , what is cost of capital for risk-free preffered stock ?

b.What is the after-tax dept cost of capital for the firm ? which security is cheaper for the firm ?

c.Shoe that the after-tax dept cost of capital is equal to the preffered stock cost of capital multipled by (1-t*)

謝謝各位的回答 !

1 個解答

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  • 老古
    Lv 7
    1 0 年前
    最佳解答

    Garnet corporation is considering issuing risk-free dept or risk-free preffered stock.the tax rate on interest income is 35% , and the tax rate on dividends or capital gains from preffered stock is 15% . However , the diviendeds on preffered stock are not deductible for corporate tax purposes , and the corporate tax rate is 40%

    Garnet公司考慮發行無風險公司債或無風險優先股. 利息收入之稅率為 35%, 而優先股之股利及資本利得的稅率為15%.公司的所得稅率為 40%, 但是優先股的股利不屬於可扣抵的費用。

    a.If th risk-free interest rate for dept is 6% , what is cost of capital for risk-free preffered stock ?如果無風險公司債的利率為 6%, 則無風險優先股之資金成本為何?

    Reply: 如果優先股之利率為 6%, 則其資金成本為 6% 因為該費用不得扣抵

    b.What is the after-tax dept cost of capital for the firm ? which security is cheaper for the firm ?對公司而言公司債的稅後資金成本為何? 那一種證券比較便宜?

    Reply: 如果公司債之利率為 6%, 則其稅後資金成本為 6%* ( 1- 40% ) = 3.6% . 兩種相比, 以公司債比較便宙

    c.Shoe that the after-tax dept cost of capital is equal to the preffered stock cost of capital multipled by (1-t*)說明公司債的稅後資金成本 = 優先股資金成本 * (1-t*)

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