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企业税
2.inflation通货膨胀率
3.loan capital借贷资本
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译文:
1--我们将从哪里筹借到3%?
2--我们可以从银行借到。毛利率是7%。企业税是30%。我们只支付其中的50%,其中包含了通货膨胀率。
1--你可以从中扣除掉2%。
2--尽我们所能借吗?
1--不完全是。如果我们负债太多,分红就会下降。
2--我们需要多少借贷资本以能保证分红?
1--我会考虑这个问题。我将在一周内给你答案。