Over the past several decades: a. international investment has become more one-sided, consisting almost entirely of foreign direct investment. b. international bank lending grew to where it was the largest category of international investment by the year 2000. c. most international investment has flowed from developed to developing countries. d. international investment has come to consist predominantly of foreign direct investment and portfolio investment.

What is one of the best ways to determine what kind of business you'll enjoy

What is the most important type of decision that the financial manager makes?

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 %