Consider the following information for Watson Power Co.: Debt: 4,500 6.5 percent coupon bonds outstanding, $1,000 par value, 20 years to maturity, selling for 102 percent of par; the bonds make semiannual payments. Common stock: 103,500 shares outstanding, selling for $60 per share; the beta is 1.11. Preferred stock: 16,000 shares of 5 percent preferred stock outstanding, currently selling for $104 per share. Market: 8 percent market risk premium and 4.5 percent risk-free rate. Assume the company's tax rate is 34 percent. Find the WACC. Multiple Choice 9.24% 8.74% 9.64% 8.84% 8.91%

answer///the factor market;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.

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