题目
Fran McClure of Alba Advisers is estimating the cost of capital of Frontier Corporation as part of her vaIuation analysis of Frontier. McClure will be using this estimate, along with projected cash flows from Frontier's new projects, to estimate the effect of these new projects on the value of Frontier. McClure has gathered the following information on Frontier Corporation:「huixue_img/importSubject/1564548384084332544.png」The weights that McClure should apply in estimating Frontier's cost of capital for debt and equity are respectively:
选项
A.Wd =0.200; We =0.800.
B.Wd =0.185; We =0.815.
C.Wd =0.223; We =0.777.
答案
C
解析
Answer: C Wd = $63/($220 + 63) = 0.223 We = $220/($220 + 63) = 0.777 这道题目问的是Alba Advisers的麦克卢尔(Fran McClure)正在估算Frontier Corporation的资本成本。麦克卢尔将利用这一估计，以及Frontier新项目的预计现金流，来估计这些新项目对Frontier价值的影响。麦克卢尔收集了公司的以下信息。问麦克卢尔在估计债务资本成本和股本资本成本时应采用的权重分别为: 在当前和预期的价值中，我们选预期价值，账目价值和市场价值中，选市场价值 wd = $63/($220 63) = 0.223 we = $220/($220 63) = 0.777因此C选项正确