Suppose Caterpillar, Inc., has 530 million shares outstanding with a share price of $218.75, and $38 billion
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Suppose Caterpillar, Inc., has 530 million shares outstanding with a share price of $218.75, and $38 billion in debt. If in three years, Caterpillar has 650 million shares outstanding trading for $230 per share, how much debt will Caterpillar have if it maintains a constant debt-equity ratio?
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