Consider the table given below to answer the first question (shares and market values in millions), x Number of Shares 93.8 124.2 178.5 408.7 9,331. Callaway Golf (ELY) Alaska Air Group (ALK) Entergy (ETR) Yum! Brands (YUM) General Electric (GE) X Market Stock Price = Capitalization $ 8.76 $ 821 $ 80.77 $ 19,074 $ 75.92 $ 13,551 $77.77 $ 31,875 $30.34 $283,091 . 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 does not change? (Enter your answer in billions rounded to 3 decimal places.) Market value 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.) Interest rate 46 Consider the table given below to answer the first question (shares and market values in millions), x Number of Shares 93.8 124.2 178.5 408.7 9,331. Callaway Golf (ELY) Alaska Air Group (ALK) Entergy (ETR) Yum! Brands (YUM) General Electric (GE) X Market Stock Price = Capitalization $ 8.76 $ 821 $ 80.77 $ 19,074 $ 75.92 $ 13,551 $77.77 $ 31,875 $30.34 $283,091 . 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 does not change? (Enter your answer in billions rounded to 3 decimal places.) Market value 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.) Interest rate 46