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Consider the table shown below to answer the question posed in part a. Parts b and care independent of the given table. K Number of Share (millions) 94.6 123.4 332.5 X mm Callaway Golf (ELY) Alaska Air Group (ALK) Yum! Brands (YUM) Caterpillar Tractor (CAT) Microsoft (MSFT) X Market Capitalization ($ millions) $ 1547.66 $ 7645.86 $ 28,305.73 $ 88,090.66 $703,235.35 stock Price - $ 16.36 $ 61.96 $ 85.13 $597.63 $ 91.27 X X 7,705.0 X NE a. The price of Yum! Brands stock has risen to $180. What is the market value of the firm's equity if the number of outstanding shares does not change? (Enter your answer in ns rounded to 3 mal places.) Market value b. The rating agency has revised Catalytic Concepts' bond rating to A (use Table 2.2). What interest rate, approximately, would the company now need to pay on its bonds? (Enter your answer as a percent rounded to 1 decimal place.) Interest rate C. A farmer and a meatpacker use the commodity markets to reduce their risk. One agrees to buy live cattle in the future at a fixed price, and the other agrees to sell. Which one sells? A farmer O A meatpacker Consider the table shown below to answer the question posed in part a. Parts b and care independent of the given table. K Number of Share (millions) 94.6 123.4 332.5 X mm Callaway Golf (ELY) Alaska Air Group (ALK) Yum! Brands (YUM) Caterpillar Tractor (CAT) Microsoft (MSFT) X Market Capitalization ($ millions) $ 1547.66 $ 7645.86 $ 28,305.73 $ 88,090.66 $703,235.35 stock Price - $ 16.36 $ 61.96 $ 85.13 $597.63 $ 91.27 X X 7,705.0 X NE 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? (Enter your answer in ns rounded to 3 mal places.) Market value 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? (Enter your answer as a percent rounded to 1 decimal place.) 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 O A meatpacker