Check my work Consider the table given below to answer the first question (shares and market values in millions). Number of Market Stock Price- Capitalization $ 821 10,074 13,551 31,875 $283,091 Shares Callavay Golf (ELY) Alaska Air Group (ALK) Entergy (ETR) Yum! Brands (YUM) Ceneral Electrie (GE) 93.8 $ 8.76 x 124.7 178.5 $80.77 $ 75.92 x x 408.7 $ 77.77 30.34 9,331.0 a. The price of Entergy stock has risen to $90. What is the market value of the firm's equity if the number of outstanding shares not change? (Enter your answer in billions rounded to 3 decimal places.) does Market value 16.065 b. The rating agency has revised Catalytic Concept's bond rating to A (use Table 2.2). What interest rate, approximately, would company now need to pay on its bonds? (Enter your answer as a percent rounded to 2 decimal places.) the % Interest rate TABLE 2.2 Interest rates on long-term corporate bonds, March 2016. The interest rate is lowest for top-quality (AAA) issuers. The rate rises as credit Credit Rating Interest Rate AAA 2.59% AA 2.62 3.03 quality declines. B 4.32 BB 5.62 8.32 Source: Thomson Reuters