Easy Car Corp. is a grocery store located in the Southwest. It plans to pay an annual dividend of $2.00 next year to its shareholders and plans to increase the dividend annually at the rate of 2.0%. It currently has 1,000,000 common shares outstanding. The shares currently sell for $12 each. Easy Car Corp. also has 20,000 semiannual bonds outstanding with a coupon rate of 9%, a maturity of 26 years, and a par value of $1,000. The bonds currently have a yield to maturity (YTM) of 6%. What is the weighted average cost of capital (WACC) for Easy Car Corp. if the corporate tax rate is 30%?

The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.