Calculate the current cost of capital of secure and safe

Assignment Help Accounting Basics
Reference no: EM131587470

Question - A small but publicly traded corporation currently has a capital structure of $50 million in bonds which pay a 5.5% coupon, $20 million in preferred stock with a par value of $50 per share and an annual dividend of $2.75 per share. The company has common stock with a book value of $25 million. The cost of capital associated with the common stock is 12%. The marginal tax rate for the firm is 30%.

The chief financial officer (CFO) suggests that another public debt offering in the amount of $45 million. He believes that because of favorable interest rates, the company could issue the bonds at par with a 4.5% coupon.

Calculate the current cost of capital of Secure and Safe on a weighted average basis

Calculate the cost of capital of the company assuming the $45 million dollar bond issue with a 4.5% coupon is approved.

Discuss how your approached this calculation. Also describe the tax shield advantage debt capital provides.

Reference no: EM131587470

Questions Cloud

The interest rate at the beginning of year : The borrower believes that the interest rate at the beginning of year (BOY) 2 will increase to 7%.
Describe the cognitive tool used to interpret the data : Identify the instrument or instruments used to quantify the data, the level of measurement for each instrument, and the statistics used to analyze the data.
How many of each type of ticket was sold : Adult tickets for the school play cost $5 and student tickets cost $3. Thirty more student tickets were sold than adult tickets.
A major drawback of corporation : A major drawback of a corporation (other than a Subchapter-S, or Tax Option corporation
Calculate the current cost of capital of secure and safe : Calculate the current cost of capital of Secure and Safe on a weighted average basis. Discuss how your approached this calculation
How an employer aligns projects to organizational strategy : Analyzes how an employer aligns projects to organizational strategy. Provide details on how a current or previous employer used any of these areas for success.
Calculate the equivalent annual cost of purchasing : Calculate the equivalent annual cost of purchasing the newer and older machine and determine which machine should be purchased.
How many students attended the play : The school sold 300 tickets for a school play and collected a total of $1,150. Student tickets cost $3.00 and adult tickets cost $5.00.
Drops below the debt-service constant : If the NOI, as a percent rate of return on assets, drops below the debt-service constant:

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd