I NEED THIS ANSWERED TOAY PLEASE HELP - Learn: Functions of Financial Markets A Saved Help Save & Exit Submit Check my work Consider the table shown below to answer the question posed in part a. Parts b and care independent of the given table. eBook Number of Share (millions) 94.6 123.4 332.5 147.4 7,705.0 Callaway Golf (ELY) Alaska Air Group (ALK) Yum! Brands (YUM) Caterpillar Tractor (CAT) Microsoft (MSFT) Print Market Capitalization ($ millions) $ 1547.66 $ 7645.86 $ 28,305.73 $ 88,090.66 $703,235.35 Stock Price = $ 16.36 $ 61.96 $ 85.13 $ 597.63 $ 91.27 References 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 AAA (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 : %

Save & EX Help Cavad Submit Wk1Learn: Functions of Financial Markets Check my work 1 Consider the table shown below to answer the question posed in part a Parts and care independent of the given table. eBook Number of Share Cillions) 14.6 123.4 112.5 147,4 7,705. Callaway Golf (LY) Alaska Air Group (ALK) Yum! Brands (VUM) Caterpillar Tractor (CAT) Microsoft (MSFT) Market Capitalization Stock Price - $16.36 $ 1547.66 $61.96 $ 7645.86 $ 85.1 $ 28,305.75 3597.63 $ 88,098.66 $ 91.27 $78,235.35 Print x References X 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 AAA (use Table 22). 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 Prev 1 of 1 Next TABLE 2.2 Interest rates on long-term corporate bonds, May 2018. The interest rate is lowest for top-quality (AAA and AA) issuers. The rato rises as credit quality declines. Credit Rating Interest Rate AAA 3.5% AA 3.5 3.8 A BBB 4.3 BB 5.1 6,5 B Source: ICE Bank of America Merit Lynch indices