As interest payments are tax deductible, cost of debt is calculated on an after-tax basis, as show in the WACC equation.

• 一如既往，只要有什么新东西搬到国内，总会被某些炒作势力以及不知情投资者弄得面目全非。对权证的炒作不必多言。06年中远给中集股东发行了价外认沽权证来换取流通，笔者在第二天得空立即卖掉。