Financial Management-Cost of capital

 

 

 

 

chapter14

 

Cost of capital

 

\

 

@cost of equity

 

1) cost of equity (common stock)

 

가지고있는 정보에 따라

1) CAPM: 

2) Dividend Growth Model

= constant growth, current stock price, the growth rate of

 

 

 

 

 

2) cost of preferred stock

 

 

@cost of debt

 

@세금 고려한 cost of debt

N= 2(semi-annual) X 27 (30-three years ago)

PV에-붙이기 PV=-0.93X1000

PMT= 0.06/2 X 1000

FV는 보통 1000

CPT -> I/Y=3.278%

1년화 시키는 거 잊지말자 YTM=2 X 3.278% =>6.56%

 

 

@WACC

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