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Source: ICE Bank of America Merrill Lynch indices.Problem 2 - 1 8 Functions of Financial Markets ( LO 3 ) Consider the table shown below

Source: ICE Bank of America Merrill Lynch indices.Problem 2-18 Functions of Financial 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 Yuml 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 AAA (use Iable 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 uso the commodity markets to reduce their risk. One agrees to buy live cattle in the future at a fored
price, and the other agrees to sell. Which one sells?
Answer is complete but not entirely correct.
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