4 25 points Problem 2-18 Functions of Financial Markets (LO3) Consider the table shown below to answer the question posed in part a. Parts b and c are independent of the given table. Callaway Golf (ELY)) Number of Share (millions) eBook 94.2 Stock Price 27.30 Print Alaska Air Group (ALK) 123.7 50.20 Yum! Brands (YUM) 301.7 References Caterpillar Tractor (CAT) 543.3 Microsoft (MSFT) 7,560 103.07 186.66 242.12 Market Capitalization (5 millions) $2,572 $ 6,272) $31,096 $101,412 $ 1,830,427 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 sells? a. Market value b. Interest rate 1.7 % c. Which one sells? A farmer