.0045.0035.00stockmarketprice23.1916.7920.7224.8528.23sotckmarketvalue1391.631679.382072.132484.882822.63thevalue1466.631744.382127.132529.882857.63TheProportionofLoans5.11%3.73%2.59%1.78%1.22%TheProportionofStock94.89%96.27%97.41%98.22%98.78%loaningcost2.75%2.75%2.75%2.75%2.75%stockingcost4.06%2.67%4.55%4.42%4.18%TheCostofCapital3.99%2.67%4.50%4.39%4.17% 2001-2005valueofmarketandcostofcapital(loanfinancing)?marketvalue=stockmarketprice*60 thevalue=loan+marketvalue loaningproportion=loan/value stockingproportion=marketvalue/thevalue loaningcost=interestpayments/loan*(1-50%) thevalue=loan+marketvalue totalcostofcapital=loaningproportion*loaningcost+stockingproportion*stockingcost 2001-2005valueofmarketandcostofcapital(stockfinancing) marketvalue=stockmarketprice*60 thevalue=loan+marketvalue
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