Question: Consider the table given below to answer the first question (shares and market values in millions). a. The price of Estee Lauder stock has risen

 Consider the table given below to answer the first question (shares

Consider the table given below to answer the first question (shares and market values in millions). a. The price of Estee Lauder stock has risen to $90. What is the market value of the firm's equity? (Enter your answer in billions rounded to 3 decimal places.) b. The rating agency has revised Catalytic Concept's bond rating to A (use Table 2.2). What interest rate, approximately, would the company now need to pay on its bonds? (Enter your answer as a percent rounded to 2 decimal places.)

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