Problem 2-18 Functions of Financial Markets (LO3) Consider the table given below to answer the first question (shares and market values in millions) Market Number of Shares x Stock Price= Capitalization 93.8 x $ 8.76 - Callaway Golf (ELY) Alaska Air Group (ALK) Entergy (ETR) Yum! Brands (YUM) General Electric (GE) $ 821 124.7 x 80.7710,074 178.5 x $ 75.92 $ 13,551 408.7x 77.77$31,875 9,331.0 x 30.34$283,091 a. The price of Entergy stock has risen to $90. What is the market value of the firm's equity if the number of outstanding shares does not change? (Enter your answer in billions rounded to 3 decimal places.) Market value b. The rating agency has revised Catalytic Concept's bond rating to A (use Table 22). 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 O A meatpacker