Suppose Caterpillar, Inc., has 666 million shares outstanding with a share price of $73.09 and $24.41 billion
Question:
Suppose Caterpillar, Inc., has 666 million shares outstanding with a share price of $73.09 and $24.41 billion in debt. If in three years, Caterpillar has 709 million shares outstanding trading for $86.62 per share, how much debt will Caterpillar have if it maintains a constant debt-equity ratio?
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Related Book For 
Corporate Finance The Core
ISBN: 9781292158334
4th Global Edition
Authors: Jonathan Berk, Peter DeMarzo
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