Consider the table given below to answer the first question (Shares and market values in millions.) Number of Shares x Stock PriceMarket Capitalization Callaway Golf (ELY) Alaska Air Group (ALK) Este Lauder (EL) Yum! Brands (YUM) General Electric (GE) $ 4617 $ 4,045 $ 25,402 $ 30,523 $ 247,160 71.00 x $ 6.58 = 70.34 x $57.50 = 386.65 x $65.70 450.73 x $67.72 = 10.398.00 x $23.77 = a. The price of Este 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.) Market value billion 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.) Interest rate 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 farmer A meatpacker