题目内容

B公司的资本目前全部由发行普通股取得，其有关资料如下：息税前利润 500000元
B公司准备按7%的利率发行债券900000元，用发行债券所得资金以每股15元的价格回购部分发行在外的普通股。因发行债券，预计公司股权成本将上升到11%。该公司预期未来息税前利润具有可持续性，且预备将全部税后利润用于发放股利。
要求：
(1)计算回购股票前、后的每股收益。
(2)计算回购股票前、后公司的股权价值、实体价值和每股价值。
(3)该公司应否发行债券回购股票，为什么？
(4)假设B公司预期每年500000元息税前利润的概率分布如下：
按照这一概率分布，计算回见股票后的息税前利润不足以支付债券利息的可能性(概率)。

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