当前位置:高顿题库 >题目详情

题目解析

DQZ Telecom is considering a project for the coming year that will cost $50,000,000.  DQZ plans to use the following combination of debt and equity to finance the investment:

Issue $15,000,000 of 20-year bonds at a price of 101, with a coupon rate
of 8%, and flotation costs of 1.5% of par. The after-flotation cost yield is 8.08%.
Use $35,000,000 of funds generated from earnings.
The equity market is expected to earn 12%. U.S. Treasury bonds are
currently yielding 5%. The beta coefficient for DQZ is estimated to be .60.
DQZ is subject to an effective corporate income tax rate of 40%.


The Capital Asset Pricing Model (CAPM) computes the expected return on a security by adding the risk-free rate of return to the incremental yield of the expected market return, which is adjusted by the company’s beta. Compute DQZ’s expected rate of return on equity.


A. 9.20%

B.12.20%

C.7.20%

D. 12.0%


  • 答案解析:
    登录之后可查看解析
  • 统       计:共计7人答过,平均正确率28.57%
  • 问       题:进入高顿部落发帖帮助

相似题型

热门网课更多>>

论坛精华更多>>

题库APP下载更多>>

关注我们

微信号:gaoduntiku

登录手机注册

合作账户登录:      

资料修改成功
失败提示失败提示
资料修改成功
失败提示失败提示
当前号码已不用/丢失,或无法收到验证码? 联系技术支持拨打电话 021-60896660
用户服务协议

高顿网校试题纠错

为方便我们排查错误,请您详细描述本题错误,例如:
还可以输入100

同学

加入你感兴趣的讨论群

售前咨询(9:00-21:00)
400-168-8811
售后咨询(9:00-21:00)
021-31068088

关注官方微信

微信号:gaoduneclass

售前咨询(9:00-21:00)

400-168-8811

在线客服点击咨询

售后咨询(9:00-21:00)

021-31068088

在线客服点击咨询

fankui@gaodun.com

微信扫一扫
实时资讯全掌握

点击即可拨打
400-168-8811

请把您的意见告诉我们

反馈内容:(*必填)

上传图片:
+上传 上传本地图片,图片大小不超过5M

Copyright © 2006- 高顿网校, All Rights Reserved.

沪ICP备 10004469 可信网站认证 诚信网站认证 上海市互联网举报中心 网络社会证信网 安全联盟认证 电脑管家认证