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| Định dạng | |
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Ngày đăng: 16/02/2017, 08:27
Nguồn tham khảo
| Tài liệu tham khảo | Loại | Chi tiết |
|---|---|---|
| 1. Grsoss Proceeds (30,000 Shares × Issue Price) 30,00,000 33,00,000 27,00,0002. Cost of Issue 30,000 30,000 30,0003. Net Proceeds (NP) = (1–2) 29,70,000 32,70,000 26,70,000 | Khác | |
| 1. Cos of Equity Capital if Market Price in Year 1 is `150 | Khác | |
| 2. Expected Market Price in Year 2 if cost of Equity is expected to rise to 18% | Khác | |
| 3. EPS in Year 2 if the Company were to have an expected Market Price of `160 per share, at the existing cost Equity.Solution | Khác | |
| 1. K e = Earning per Share = ` 25 = 16.67%Market Price per Share ` 150 2. K e = Earning per Share= ` 25 = 18%Market Price per Share MPS On substitution, MPS = ` 25 ÷ 18% = ` 138.89 Note : Earnings accrue evenly and hence EPS is uniform at `25 per share | Khác | |
| 3. K e = Earning per Share Market Price per Share ` 160 = DPS = 16.67% On substitution, DPS = `160×16.67% = ` 26.672 Illustration 38 | Khác | |
| 9.75%×2/3 rd =6.50%Equity 1/3 rd K e = 5.50 / 1/3 rd = 16.50%(final balancing figure)12%-6.5%=5.50%(bal. figure) | Khác | |
| 1. Determine the WACC of the Company. It had been paying dividends at a consistent rate of 20% per annum | Khác | |
| 2. What difference will it make if the current price of the ` 100 share is `160 | Khác | |
| 3. Determine the effect of Income Tax on WACC under both the above situations. (Tax Rate = 40%).Solution | Khác | |
| 1. Computation of WACC (based on Book Value Proportions and ignoring Tax) | Khác | |
| 1. K e = Dividend per Share ÷ Market Price per share = 20 100`` = 20% | Khác | |
| 2. Book Value Proportions have been considered in Column (b) above | Khác | |
| 2. (a) Computation of WACC (based on Book Value Proportions and ignoring tax) | Khác | |
| 2. (b) Computation of WACC (based on Market Value Proportions and ignoring tax) | Khác |
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