一、资金成本的内涵和性质资金成本是企业为筹集和使用资金而支付的费用。它包括资金筹集费用和资金使用费两部分。资金筹集费用指在筹资过程中一次性支付的各种费用,如支付给金融机构的借款手续费,发行股票、债券支付的注册费、代理发行费和印刷费等。资金使用费指支付给资金所有者或中介机构的股利和利息。资金使用费一般包括资金时间价值和投资者的风险报酬。在通货膨胀的 First, the connotation and nature of the cost of capital The cost of capital is the cost paid by enterprises for raising and using funds. It includes two parts, capital raising fee and fund fee. Fund-raising expenses refer to various kinds of fees paid in one-time during the fund-raising process, such as the loan fee paid to financial institutions, the issue of shares, the registration fee paid on bonds, agency issuance fees and printing fees. Fund usage fees refer to the dividends and interest paid to the fund owner or intermediary. The fee for use of funds generally includes the time value of funds and the risk compensation of investors. In inflation