COST OF CAPITAL QUESTIONS

1. Sebuah saham preference memiliki informasi sebagai berikut: Price of preferred stock $112.5;
Dividend yang telah dibayarkan senilai 9% dari total harga saham tersebut dan nilai par adalah
$100. Hitunglah return dari cost of preferred stock tersebut!
2. Pharmacia Ltd memilki nilai beta 1.6, dengan risk free rate sama dengan 5% serta risk market
premium 15%. Berapakah nilai dari cost of equity capital bagi Pharmacia?
3. Dividend yang telah dibayarkan oleh Kimia Farma adalah $9. Nilai dividend tersebut di
estimasikan akan mengallami pertumbuhan pertahunnya sebesar 12%. Jika harga jual saham
tersebut adalah $112 per share, berapakah nilai modal cost of equity bagi Kimia Farma?
4. Jika diketahui informasi sebagai berikut: Price of stock = $50; Dividend = $4.50/ share.
What is the company’s cost of preferred stock?
5. Summerdhal Resort’s common stock is currently trading at $36 a share. The stock is expected to
pay a dividend of $3 a share at the end of the year, and the dividend is expected to grow at a
constant rate of 5% a year. What is its cost of common equity?
6. Booher Book Stores memiliki Beta 0.8, yield on a 10-years T-bonds adalah 6%. Market risk
premium 5.5%, dan return on an average stock in the market last year was 15%. What is the
estimated cost of common equity using the CAPM?
7. Shi importer’s balance sheet menunjukkan Rp 300 juta hutang, Rp 50 juta preferred stock dan
Rp 250 juta common stock. Shi’s tax rate 40%, Rd = 6%, Rs = 12%, dan Rps = 5.8%. Jika Shi
memiliki target struktur modal 30% debt, 5% preferred stock dan 65% common stock. What its
WACC?
8. David Ortiz Motors memiliki target struktur modal 40%debt dan 60% equity. The yield to
maturity on the company’s outstanding bonds is 9%, and the company’s tax rate is 40%. Ortiz’s
CFO has calculated the company’s WACC as 9.96%. what is the company’s cost of equity capital?