A twenty-year $1,000 fixed rate non-callable bond with 8% annual coupons currently sells for $1,105.94. Assuming a 30% marginal tax rate and an additional risk premium for equity relative to debt of 5%, the cost of equity using the bond-yield-plus-risk-premium approach is closest to:

[单选题]A 20-year $1,000 fixed-rate non-callable bond with 8% annual coupons curren

[单选题]A 20-year $1,000 fixed-rate non callable bond with 8% annual coupons curren

[单选题]A company issued a $1,000 face value bond on 1 January. The annual coupon r

[单选题]A bond portfolio manager owns $5 million par value of a non-callable bond i

[单选题]A bond has a 10-year maturity, a $1,000 face value, and a 7% coupon rate. I

[单选题]Two bonds have par values of $1,000. Bond A is a 5% annual-pay, 15-year bon

[单选题]A 20-year, 10% annual-pay bond has a par value of $1,000. What would this b

[单选题]A 5 percent, semi-annual pay bond with a par value of $1,000 matures in 10

[单选题]When computing the weighted average cost of capital (WACC) and assuming a f

[单选题]If the appropriate annual discount rate is 6%, the value of a 3-year bond t