2009 2010 Weight of Debt Shares Outstanding (Millions of $) 315 Share Price 34.42 46.87 Market...
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2009 2010 Weight of Debt Shares Outstanding (Millions of $) 315 Share Price 34.42 46.87 Market Value Equity Short Term Debt 19 61 44 Long Term Debt (including current portion) Book Value of Debt (Millions of $) Scaled total (LTD scaled by price of LTD) 4,705 5,391 Weight of debt Weight with scaled debt 30.27% 26.58% Cost of Debt Typical S&P bond rating BBB BBB Yield on long-term debt 7.54% Tax Rate 30% 30% Cost of Equity Beta MRP Rf 0.65 0.65 6.00 6.00 3.16% Cost of Equity WACC With book value of debt With scaled book value of debt (Market value) 2009 2010 Weight of Debt Shares Outstanding (Millions of $) 315 Share Price 34.42 46.87 Market Value Equity Short Term Debt 19 61 44 Long Term Debt (including current portion) Book Value of Debt (Millions of $) Scaled total (LTD scaled by price of LTD) 4,705 5,391 Weight of debt Weight with scaled debt 30.27% 26.58% Cost of Debt Typical S&P bond rating BBB BBB Yield on long-term debt 7.54% Tax Rate 30% 30% Cost of Equity Beta MRP Rf 0.65 0.65 6.00 6.00 3.16% Cost of Equity WACC With book value of debt With scaled book value of debt (Market value)
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