What is the cost of equity for Airbnb? Use the SML approach.

Give the answer as a percentage, accurate to one decimal place.

$8\mathrm{.}0\%$

Now calculate the cost of debt.

What is the total market value of Airbnb's debt?

Enter a response then click Submit below

$

Face Value: $$5,000,000,000$

Market Value: $...$

The company debt is currently priced to yield: $16\%$

Company debt is trading at $93\%$ of face value

The company's Tax Rate is $23\%$