Please answer A and B. Thank you!

Return to question 1 Consider the table given below to answer the first question (shares and market values in millions). 12.5 points x X Number of Shares 93.8 124.7 199.5 408.7 9,331.0 X 8 Callaway Golf (ELY) Alaska Air Group (ALK) Entergy (ETR) Yum! Brands (YUM) General Electric (GE) Market Stock Price Capitalization $ 8.76 $ 821 $ 80.77 - $ 10,074 $ 75.92 - $ 15,145 $ 77.77 $ 31,875 $ 30.34 - $ 283,091 01:40:30 X X a. The price of Entergy stock has risen to $85. 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.) Answer is complete but not entirely correct. Market value $16,957.500 b. The rating agency has revised Catalytic Concept's 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 2 decimal places.) Interest rate Credit Rating Interest Rate AAA 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 quality declines. AA A BBB 2.59% 2.62 3.03 4.32 5.62 8.32 BB B Source: Thomson Reuters