单选题 A company has 7% loan notes in issue which are redeemable in seven years’ time at a 5% premium to their nominal value of $100 per loan note. The before-tax cost of debt of the company is 9% and the after-tax cost of debt of the company is 6%. What is the current market value of each loan note?
【正确答案】 A
【答案解析】MV = (7 x 5·033) + (105 x 0·547) = $92·67