Number of Share (millions) x Stock Price Callaway Golf (ELY) 94.6 x $ 16.36 Alaska Air Group (ALK) 123.4 x $ 61.96 Yum! Brands (YUM) 332.5 X $ 85.13 Market Capitalization ($ millions) $ $ 1547.66 7645.86 $ 28,305.73 Caterpillar Tractor (CAT) Microsoft (MSFT) 147.4 7,705.0 x $597.63 LE x $ 91.27 $ 88,090.66 $703,235.35 a. The price of Yum! Brands stock has risen to $165. What is the market value of the firm's equity if the number of outstanding does not change? (Enter your answer in billions rounded to 3 decimal places.) Market value b. The rating agency has revised Catalytic Concepts' bond rating to AAA (use Table 2.2). What interest rate, approximately, would company now need to pay on its bonds? (Enter your answer as a percent rounded to 1 decimal place.) Interest rate % Prey 1 of 1 Next