Consider the table shown below to answer the question posed in part a. Parts b and c are independent of the given table. Number of Share Market Capitalization eBook Print eferences Callaway Golf (ELY) Alaska Air Group (ALX) Yum! Brands (YUM) (millions) Stock Price (5 millions) 94.2 x 123.7 301.7 Caterpillar Tractor (CAT) 543.3 Microsoft (MSFT) 7,560 27.30 50.70 103.07 186.66 242.12 $ 2,572 $ 6,272 $31,096 $101,412 $ 1,830,427 a. The price of Yum! Brands stock has risen to $160. 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 c. Which one sells? %