a. The price of Yumt 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? TNBL.F. 2.2 Inferet rates on long-tern coppotate bonds, October 2020 . The interest rate is lowest for top-quality (AAA and AA) issucrs. The rate rises as credit quality declines Source: ICE Bank of America Metnil L. Yach indices