The deposit expanison multiplier is used to calculate the maximum possible increase in the money supply if all excess reserves are loaned out. which of the following can cause the actual increase in money to be less than the maximum. a. puting additional deposits int the banking system b people borrowing for personal expenses rather than for business reasons c. banks holding some excess reserves d. state laws limiting the interest rates on loans

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 %