加拿营销学论文代写:加权平均资本成本

28 1月 加拿营销学论文代写:加权平均资本成本

加拿营销学论文代写:加权平均资本成本

加权平均资本成本是指公司的利益相关者在投资回报方面对公司的期望。外部利益相关者决定它是为了计算他们的平均回报,而不是为了管理。

在上述情况下,加权平均资本成本是通过使用总债务、股本和Wesfarmers的总价值的市场价值来计算的。市场价值在其计算中被优先考虑,因为它更接近于利益相关者的期望。他们发现依靠市场价值更方便,从而有助于提高公司在外部市场的资本价值(Hofmann, 2014)。

加拿营销学论文代写::加权平均资本成本

股权的市场价值是从外部市场上Wesfarmers股份的市场价格中获得的。债务价值也代表公司的负债。采用考虑无风险利率、贝塔系数和市场收益率的资本资产定价模型计算权益成本。优于股利增长模型。然而,股利增长模型考虑了增长因素,但对利益相关者来说并不十分可靠(Hull, 2014)。贝塔系数是根据公司在网上的股价计算出来的。在计算权益成本时,使用的是市场收益率,而不是市场收益率与无风险利率之间的利差。

加拿营销学论文代写:加权平均资本成本

Weighted average cost of capital is termed as the rate which the stakeholders of the company expect from the company in terms of their return on the investments. The outside stakeholders determine it for the calculation of their average returns rather than management.
In the above case, the weighted average cost of capital is calculated by using the market value of the total debt, equity and the overall value of the Wesfarmers. Market value is preferred in its calculation, as it is closer to the expectations of the stakeholders. They find it more convenient to rely on the market values, which thereby help in raising the capital value of the company in the external market (Hofmann, 2014).

加拿营销学论文代写:加权平均资本成本

Market value of equity is taken from the market price of the shares of the Wesfarmers in the external market. Debt value also represents the indebtedness of the company. Cost of equity is calculated by the capital asset pricing model, which considers the risk free rate, beta and market return. It is better than the dividend growth model. However, the dividend growth model considers the growth factor, but it is not very reliable for the stakeholders (Hull, 2014). Beta is calculated with the help of the share prices of the company available on the web. Return on market is used rather than the spread between the return on market and risk free rate for calculation of cost of equity.