8. A commercial bank has provided the following financial information. Average daily net transaction accounts balance during the reserve computation period $ 485.67M Average daily reserves held with the Federal Reserve during the reserve maintenance period 33.76M Average daily vault cash during the reserve maintenance period 4.23M Reserve carry forward 0M a. Calculate the amount of reserves that bank must maintain with the Federal Reserve. (8 points) b. Is the bank undershooting or overshooting the reserve target

Information on gerken power co., is shown below. assume the company’s tax rate is 40 percent. debt: 9,400 8.4 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 100.5 percent of par; the bonds make semiannual payments. common stock: 219,000 shares outstanding, selling for $83.90 per share; beta is 1.24. preferred stock: 12,900 shares of 5.95 percent preferred stock outstanding, currently selling for $97.10 per share. market: 7.2 percent market risk premium and 5 percent risk-free rate. required: calculate the company's wacc. (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) wacc %

Why has the free enterprise system been modified to include some government intervention?

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