Suppose Caterpillar, Inc., has 653 million shares outstanding with a share price of $75.14, and $25.99 billion
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Suppose Caterpillar, Inc., has 653 million shares outstanding with a share price of $75.14, and $25.99 billion in debt. If in three years, Caterpillar has 710 million shares outstanding trading for $86.58 per share, how much debt will Caterpillar have if it maintains a constant debt-equity ratio?
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To maintain a constant debtequity ratio we need to ensure that the ratio of debt to equity remains t...View the full answer
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