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Consider the table given below to answer the first question (shares and market values in millions). a. The price of Estee Lauder stock has risen

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Consider the table given below to answer the first question (shares and market values in millions). a. The price of Estee Lauder stock has risen to $90. What is the market value of the firm's equity? (Enter your answer in billions rounded to 3 decimal places.) b. The rating agency has revised Catalytic Concept's bond rating to A (use Table 2.2). What interest rate, approximately, would the company now need to pay on its bonds? (Enter your answer as a percent rounded to 2 decimal places.)

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