文档介绍：该【罗斯公司理财题库全集 】是由【1781111****】上传分享，文档一共【20】页，该文档可以免费在线阅读，需要了解更多关于【罗斯公司理财题库全集 】的内容，可以使用淘豆网的站内搜索功能，选择自己适合的文档，以下文字是截取该文章内的部分文字，如需要获得完整电子版，请下载此文档到您的设备，方便您编辑和打印。:..Chapter13Risk,CostofCapital,'scostsofequity,preferredstock,andaftertaxdebtisthe:().Topic:Type:,theexpectedexcessmarketreturnisequaltothe:---:EasyTopic:CAPMType:DEFINITIONS13-1:..::CHARACTERISTICLINEType:::MediumTopic:USEOFDEBTType::':MediumTopic:WEIGHTEDAVERAGECOSTOFCAPITALType:DEFINITIONS13-2:..;;;;:Type::'-:MediumTopic:CAPMType::..:EasyTopic:Type:CONCEPTS13-3:..'sriskthen:':DISCOUNTRATEType:::MediumTopic:SECURITYMARKETLINEType:::EasyTopic:BETAType:CONCEPTS13-4:..:-:BETAESTIMATIONType::,butnottheirco-:MediumTopic:BETAType:;;;;;covarianceDifficultylevel:MediumTopic:BETAType:CONCEPTS13-5:..::BETAANDCHARACTERISTICLINEType:CONCEPTSpaniesthathavehighlycyclicalsaleswillhavea::MediumTopic:CYCLICALBUSINESSANDBETAType::'':MediumTopic:INDUSTRYORFIRMBETAType:CONCEPTS13-6:..:pany'''':BETAType:-productfirm,ifaproject'sbetaisdifferentfromthatoftheoverallfirm,thenthe:'-:MediumTopic:PROJECTANDFIRMBETAType:'sbetaindiscountingprojectsofdifferentriskisthe:--:MediumTopic:FIRM'SBETAType:CONCEPTS13-7:..::ASSETBETAType:CONCEPTSparingtwootherwiseequalfirms,:MediumTopic::?:MediumTopic:DETERMINANTSOFBETAType:CONCEPTS13-8:..?:FACTORSAFFECTINGBETAType:::MediumTopic:CYCLICALEARNINGSType:::MediumTopic:OPERATINGLEVERAGEType:CONCEPTS13-9:..,alargechangeinsalesvolume(eitherupordown)wouldhave::OPERATINGLEVERAGEType:;;;;;lowvariablefinancialcostsDifficultylevel:MediumTopic:OPERATINGANDFINANCIALLEVERAGEType:::MediumTopic:DETERMINANTSOFBETAType:CONCEPTS13-10:..::DETERMINANTSOFBETAType::MediumTopic:ASSETANDEQUITYBETASType:,:ChallengeTopic:LIQUIDITYType:CONCEPTS13-11:..:--:LIQUIDITYType:,whicheffectivelyeliminatesthespreadorcausesaloss,issubjectto:':ChallengeTopic:ADVERSESELECTIONType:,:MediumTopic:CAPITALGAINSType:CONCEPTS13-12:..::MARKETRISKPREMIUMType:::MediumTopic:BETAType::;becausecorrelationmeasuresthesensitivityoftheS&;;;:MediumTopic:BETAANDCORRELATIONType:CONCEPTS13-13:..,therelevantnumberisthe:----:COSTOFDEBTType:',%.$%andthemarketriskpremiumis8%.Jack'staxrateis35%.WhatisJack'sweightedaveragecostofcapital?%%%%%R=.04+()=.128eDebt:80,000?$1,000=$80mCommon:4m?$40=$160mTotal=$80m+$160m=$240mDifficultylevel:MediumTopic:WEIGHTEDAVERAGECOSTOFCAPITALType:PROBLEMS13-14:..'sAudioShophasacostofdebtof7%,acostofequityof11%,andacostofpreferredstockof8%.Thefirmhas104,monstockoutstandingatamarketpriceof$,000sharesofpreferredstockoutstandingatamarketpriceof$$500,000andsellsat102%%.WhatistheweightedaveragecostofcapitalforPeter'sAudioShop?%B.