总债务比率(Total Debt Ratio)的计算公式为:总负债 / 总资产 = 0.47。根据会计恒等式(总资产 = 总负债 + 股东权益),若总资产为1美元,则总负债为0.47美元,股东权益为1 - 0.47 = 0.53美元。因此,公司每有0.53美元的股东权益,对应0.47美元的债务,即债务与权益的比例为0.47:0.53。 **选项逐项分析**: - **...
A firm has 100 in equity and 300 in debt. The firm recently issued bonds at the market required rate of 9 percent. The firm’s beta is 1.125, the risk-free rate is 6 percent, and the expected return in the market is 14 percent. Assume the firm is at their optimal capital structure...
Calculating the market value of a firm's debt helps determine itscost of capital. The calculation is useful for estimating future projections for financing its growth and funding its ongoing operations. By crunching these numbers, the company hopefully won't come up short of financial expectations,...
Re, can be expressed as:Re = Rf + e(Rm - Rf)where Rm is the market return and e is the beta of the firm's equity. Using the CAPM, we can express the expected return on the firm's assets as:Ra = Rf + a(Rm - Rf)Now, since the firm's debt is assumed to be risk-free,...
A Theory of the Firm's Cost of Capital:How Debt Affects the Firm's Risk,Value,Tax Rate and the Government's Tax Claim[M].Singapore:World Scientific Publishing Co.Ptc.Ltd,2007.A Theory of the Firm’’s Cost of Capital:How Debt Affects the Firm’’s Risk,Value,Tax Rate and the ...
A firm has a capital structure of 60% debt and 40% equity and a dividend payout ratio of 50%. If a surplus results from first-pass pro-forma financial statements based on estimated sales growth and assuming the capital structure and dividend payout ratio are maintained, which of the foll...
Assume a firm with a debt to equity ratio of 0.50 and debt equal to 35 million makes a commitment to acquire raw materials with a present value of 12 million over the next 3 years. For purposes of analysis the best estimate of the debt to equity ratio should be :() A. 0.343. B. ...
aA firm’s market debt ratio (MDR) is defined to be book long-term debt divided by the market value of the firm. Firm market value is calculated as 公司的市场债务比率 (MDR) 被定义是企业的市场价值划分的书长期负债。 牢固的市场价值被计算[translate]...
Which one of the following situations would prompt a firm to issue debt, as opposed to equity, the next time it raises external capital? A. High breakeven point. B. Significant percentage of assets under capital lease. C. Low fixed-charge coverage. D. High effective tax rate. 正确答案:D...
The equity and debt of a firm can be considered as a call option and put option, respectively. For both of options, the underlying asset is the firm itself and the exercise price is the total face value of its debt.