若目前10年期政府债券的市场回报率为3%,甲公司为A级企业,拟发行10年期债券,目前市场上交易的A级企业债券有一家E公司,其债券的利率为7%,具有同样到期日的国债利率为3.5%,则按照风险调整法甲公司债券的税前成本应为().
【考点】债务资本成本的计算。【难易程度】★【答案】D【解析】税前债务成本=政府债券的市场回报率+企业的信用风险补偿率=3%+(7%-3.5%)=6.5%
PassageTwoQuestions7to11arebasedonthefollowingpassage.Thewaterlevelofoceansrisesandfallsalternately(交替地)twiceaday.Thismovementofwateriscalledthetide(潮汐).Tidesarecausedbythepullofthesunandthemoonontheearth’ssurface;sincethemooniscloser,itaffectsthetidesmorethanthesun.Whenthemoonisdirectlyoverhead,itactuallypullsonthewaterthatisbelowit.Thiscausesthewaterleveltorisebecausethewaterispulledawayfromtheearth.Asthemoondisappearsoverthehorizon(地平线),thepulllessensandthewaterlevelsettlesbacktowardstheoceanbottom.Whenthewaterreachesitshighestlevel,wehavehightide.Andwhenthewatercomestoitslowestlevel,wehavelowtide.Fromitslowestpoint,thewaterrisesgraduallyforaboutsixhoursuntilitreacheshightide.Thenitbeginstofallcontinuouslyforaboutsixhoursuntilitreacheslowtide.Thenthecyclebeginsagain.7.Whichofthefollowingmightbethebesttitleforthepassage?
PassageTwoQuestions7to11arebasedonthefollowingpassage.Thewaterlevelofoceansrisesandfallsalternately(交替地)twiceaday.Thismovementofwateriscalledthetide(潮汐).Tidesarecausedbythepullofthesunandthemoonontheearth’ssurface;sincethemooniscloser,itaffectsthetidesmorethanthesun.Whenthemoonisdirectlyoverhead,itactuallypullsonthewaterthatisbelowit.Thiscausesthewaterleveltorisebecausethewaterispulledawayfromtheearth.Asthemoondisappearsoverthehorizon(地平线),thepulllessensandthewaterlevelsettlesbacktowardstheoceanbottom.Whenthewaterreachesitshighestlevel,wehavehightide.Andwhenthewatercomestoitslowestlevel,wehavelowtide.Fromitslowestpoint,thewaterrisesgraduallyforaboutsixhoursuntilitreacheshightide.Thenitbeginstofallcontinuouslyforaboutsixhoursuntilitreacheslowtide.Thenthecyclebeginsagain.7.Whichofthefollowingmightbethebesttitleforthepassage?