Question
Suppose Caterpillar, Inc., has 651 million shares outstanding with a share price of $72.29, and $24.32 billion in debt. If in three years, Caterpillar has
Suppose Caterpillar, Inc., has 651 million shares outstanding with a share price of $72.29, and $24.32 billion in debt. If in three years, Caterpillar has 699 million shares outstanding trading for $86.33 per share, how much debt will Caterpillar have if it maintains a constant debt-equity ratio?
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Fundamentals Of Financial Management
Authors: James C. Van Horne
10th Edition
0138596875, 9780138596873
