Problem 2-18 Functions of Financlal Markets (LO3) Consider the table shown below to answer the question posed in part a. Parts b and c are independent of the given table. a. The price of Yumt Brands stock has rosen to $185. What is the market value of the tirm's equity if the number of outstonding sheres does not change? Note: Enter your answer in dollars not in biklens of dollars. b. The rating agency has revised Catolytic Concepts' bond roting to A (use Toble-22). What interest rate, opproximately, 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 ogrees to buy ilve cattle in the future at a fixed price, and the other agrees to sell. Which one seats? Source: ICE Banik of America Merrill Lynch indices. Problem 2-18 Functions of Financlal Markets (LO3) Consider the table shown below to answer the question posed in part a. Parts b and c are independent of the given table a. The price of hum Bronds stock nos nisen to $180. What is the market value of the firms equity if the number of outsitanding shares doos not change? Notet Enter your answer In dollars not in bilions of dollars. b. The rotig ogency hos revised Catalyic Concepts' bond roting to A (use Table 22 ) What interest rate, opproximately, would be compony now need to pay on its bonds? Note: Enter your answer as a percent rounded to 1 decimal glace. c. A farmer ond o meatpocker use the commodify markets to reduce their risk One agrees to broy we cattle in the future ot o fred price, and the other agrees to sell. Which one sells? Source: ICE. Bank of America Memill Lynch indices