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In 2015, Caterpillar Inc. had about 658 million shares outstanding. Their book value was $37.3 per share, and the market price was $76.50 per share.

In 2015, Caterpillar Inc. had about 658 million shares outstanding. Their book value was $37.3 per share, and the market price was $76.50 per share. The companys balance sheet shows that the company had $15.20 billion of long-term debt, which was currently selling near par value. a. What was Caterpillars book debt-to-value ratio? b.What was its market debt-to-value ratio?

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