https://online2.tingclass.net/lesson/shi0529/0008/8497/2195R.mp3
https://image.tingclass.net/statics/js/2012
1--Where on earth are we going to borrow at 3%?
2--We can borrow from a bank, the gross interest rate will be something like 7%. With corporate tax at say 30%. We are only paying on 50% of this .There is still inflation to consider.
1--You can knock off another 2% for that.
2--We can borrow as much as we can.
1--Not quite,if we get too heavily in debt.the shares will tend to drop.
2--How much loan capital can we safely raise then?
1--I would like to have notice of that question,I will give you an answer in a week.
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注解:
1.corporate tax企業(yè)稅
2.inflation通貨膨脹率
3.loan capital借貸資本
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譯文:
1--我們將從哪里籌借到3%?
2--我們可以從銀行借到。毛利率是7%。企業(yè)稅是30%。我們只支付其中的50%,其中包含了通貨膨脹率。
1--你可以從中扣除掉2%。
2--盡我們所能借嗎?
1--不完全是。如果我們負(fù)債太多,分紅就會(huì)下降。
2--我們需要多少借貸資本以能保證分紅?
1--我會(huì)考慮這個(gè)問(wèn)題。我將在一周內(nèi)給你答案。