1. PT Merdeka issues bonds with a nominal value of Rp50 thousand per share, has a 4-year circulation period, and the current market price (year 0) is Rp46,000 per share. If the coupon is issued at 10% per year, what is the cost of debt (kd) before and after the tax?
2. Regarding Case 1, if the bond tax before the bond is exactly the same as the coupon rate of 10% per year, what is the current value of the bond?
3. Regarding Case 1, if before the bond tax is 12,671201513473% per year, what is the bond's market price?
4. Regarding Case 1, if the bond investor expects a return of 17.333479% per year, what is the desired market price for the investor?
5. PT ABC has the old preferred shares at Rp 20,000 per share, then the company issues new preferred shares at an issuance cost of Rp 5,000 per share and is sold at the same price as the old preferred shares. This company pays a fixed dividend of Rp 2,000 per year. What is the cost of each of the old preferred shares and the new preferred shares?
6. PT XYZ has common shares at a market price of Rp 1,000 per share and at the end of the year a dividend of Rp 100 per share is expected to grow at a constant 10% per year. What is the cost of the shares based on a dividend constant growth approach?
7. Regarding Case 5, the following year the company issued new shares with an issuance fee of Rp 100 per share. The market price per share is expected to rise to Rp 1,100 and the dividend will also increase to Rp 110 per share. What is the cost of the shares based on a dividend constant growth approach?
8. PT Harmoni has ordinary shares at a market price of Rp 5,000 per share with EPS of Rp 1,000 and a dividend payout ratio (DPR) of 40%. EPS and dividend per share are assumed to grow 6% per year in the long run. In the same period the company issued new ordinary shares with an issuance fee of 8% of the market price. What is the cost of the old shares and new shares?
9. PT Karyam has 11% stock market portfolio return and risk-free rate of return proxied by Bank Indonesia 7 days' repo rate of 3%. What is the cost of the company's ordinary shares if a beta coefficient of 1.5 is known and what is the risk premium of the company's ordinary shares for the risk-free return?
10. Referring to the Case 9 data, if PT Karya's ordinary shareholder expects a 7% risk premium on bond returns after tax of 8%, what is the cost of the company's ordinary shares?
11. PT Empat Limam has a total capital of Rp 50 billion, divided into 50% of long-term debt with capital costs after tax (kd = 6%), 8% preferred shares with capital costs (kp = 9%), 35% common shares with capital costs ( kc = 12%), and 7% retained earnings with the cost of capital (kr = 12%). What is the weighted average capital cost (WACC) of this company?