Consider the table shown below to answer the question posed in part a. Parts b and c are independent of the given table. Callaway Golf (ELY) Alaska Air Group (ALK) Number of Share (millions) $ 16.36 $61.96) Market Capitalization (5 millions) =$ 1547.66 $7645.86 Stock Price= Yum! Brands (YUM) Caterpillar Tractor (CAT) Microsoft (MSFT) 94.67 x 123.4 x 332.5 147.4 * 7,705.0 $ 85.13 = $ 28,305.73 $597.63 x $91.27 $ 88,090.66 $703,235.35 a. The price of Yum! Brands stock has risen to $170. 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 Concepts' 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 1 decimal place.) Interest rate c. A farmer and a meatpacker use the commodity markets to reduce their risk. One agrees to buy live cattle in the future at a fixed price, and the other agrees to sell. Which one sells?