问题已解决
某模县生产企业因销路很好,订单大增,故准备扩大生产规模,欲筹资 1000 万元。其中,向银行长期借款 200 万元,年利率为 7%,筹资费用率为 2%: 发行债券筹集 300 万元,票面年利率为 10%,发行费用率为 4%:友行普通股筹集 500 万元,预计第一年股利率为 10%,之后每年增长率为 1%,发行费用率为 5%,所得税税率为 25%。要求 (1)计算长期借款的资本成本:《(5分 (2)计算债券的资本成本:(5分 (3)计算普通股的资本成本:(5分 (4) 计算综合资本成本。(10 分) 麻烦请老师给出完整的过程和答案,谢谢
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(1)计算长期借款的资本成本7%*(1-25%)/(1-2%)*100%=5.36%
2023 04/13 15:11
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暖暖老师 
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2023 04/13 15:11
(2)计算债券的资本成本10%*(1-25%)/(1-4%)*100%=7.81%
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暖暖老师 
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2023 04/13 15:12
3)计算普通股的资本成本10%/(1-5%)+1%=15.53%
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暖暖老师 
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2023 04/13 15:12
(4) 计算综合资本成本
(200*5.36%+300*7.815+500*15.53%)/1000*100%=
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2023 04/13 15:47
我自己算出来了10%/(1-5%)+1%=11.4%吧 计算综合资本成本=5.36%*200/1000+7.8%*300/100+11.4%*500/1000=30.17%不是这样吗
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暖暖老师 
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2023 04/13 15:48
具体最后一问的得数我没计算