Consider the table shown below to answer the question posed in part a. Parts b and c are independent of the given table.Number ofShareMarketCapitalization($ millions)1547.66(millions)Stock Price =Callaway Golf (ELY)Alaska Air Group (ALK)Yum! Brands (YUM)Caterpillar Tractor (CAT)Microsoft (MSFT)$ 16.36$ 61.96$ 85.13$597.63$ 91.2794.6123.47645.86$ 28,305.73$ 88,090.66332.5147.47,705.0$703,235.35a. The price of Yum! Brands stock has risen to $185. What is the market value of the firm's equity if the number of outstanding shadoes not change? (Enter your answer in billions rounded to 3 decimal places.)O Answer is complete but not entirely correct.Market value$33,114.270 8b. The rating agency has revised Catalytic Concepts' bond rating to BBB (use Table 2.2). What interest rate, approximately, would thecompany now need to pay on its bonds? (Enter your answer as a percent rounded to 1 decimal place.)Interest rateAcGrawHill1 of 8PrevNext >MacBook Air吕口F3F4F9F10@2$&*2789QWERYFH.JKC VT%#3

Name: Consider the table shown below to answer the question posed in part a
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Description: Consider the table shown below to answer the question posed in part a. Parts b and c are independent of the given table.Number ofShareMarketCapitalization($ millions)1547.66(millions)Stock Price =Callaway Golf (ELY)Alaska Air Group (ALK)Yum! Brands

The question is based on the concept of Corporate Valuation

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Consider the table shown below to answer the question posed in part a. Parts b and c are independent of the given table. Number of Market Share Capitalization ($ millions) x Stock Price = $ 16.36 $ 61.96 $ 85.13 $597.63 $ 91.27 (millions) Callaway Golf (ELY) Alaska Air Group (ALK) Yum! Brands (YUM) Caterpillar Tractor (CAT) Microsoft (MSFT) 94.6 123.4 1547.66 7645.86 $ 28,305.73 $ 88,090.66 $703,235.35 332.5 147.4 7,705.0 a. The price of Yum! Brands stock has risen to $185. What is the market value of the firm's equity if the number of outstanding sa does not change? (Enter your answer in billions rounded to 3 decimal places.)

Consider the table shown below to answer the question posed in part a. Parts b and c are independent of the given table. Number of Market Share Capitalization ($ millions) x Stock Price = $ 16.36 $ 61.96 $ 85.13 $597.63 $ 91.27 (millions) Callaway Golf (ELY) Alaska Air Group (ALK) Yum! Brands (YUM) Caterpillar Tractor (CAT) Microsoft (MSFT) 94.6 123.4 1547.66 7645.86 $ 28,305.73 $ 88,090.66 $703,235.35 332.5 147.4 7,705.0 a. The price of Yum! Brands stock has risen to $185. What is the market value of the firm's equity if the number of outstanding sa does not change? (Enter your answer in billions rounded to 3 decimal places.)

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 13PB: You are a consultant working with various companies that are considering incorporating and listing...

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