An investor has a three-stock portfolio with $25,000 invested in Dell, $50,000 invested in Ford, and $25,000 invested in Wal-Mart. Dell s beta is estimated to be 1.20, Ford s beta is estimated to be 0.80, and Wal-Mart s beta is estimated to be 1.0. What is the estimated beta of the investor s portfolio? a. 0.8
b. 0.95
c. 1.1
d. 1.3

Which of these things did galileo not do? a. stop publishing his scientific work after being convicted of heresy b. invent the concept of acceleration c. experiment with rolling balls down ramps of increasing steepness to test how objects would fall d. argue that earth moves around the sun e. make up a thought experiment that indicated that objects would fall at the same rate

Overspeculation and a decrease in consumer confidence are both leading factors of: ?

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 %