(Solved): Consider the table shown below to answer the question posed in part a. Parts \( b \) and \( c \) ar ...

Consider the table shown below to answer the question posed in part a. Parts \( b \) and \( c \) are independent of the given table. a. The price of Yum! Brands stock has risen to \( \$ 180 \). What is the market value of the firm's equity if the number of outstanding shares does not change? Note: Enter your answer in dollars not in billions of dollars. 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? Note: Enter your answer as a percent rounded to 1 decimal place. 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 selis? TABLE \( 2.2 \) Interest rates on long-term corporate bonds, October 2020 . The Source: ICE Bank of America Merrill Lynch indices.