Suppose Caterpillar, Inc., has 655 million shares outstanding with a share price of $ 72.06and $ 25.67billion
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Question:
Suppose Caterpillar, Inc., has 655
million shares outstanding with a share price of $ 72.06and $ 25.67billion in debt. If in three years, Caterpillar has 702million shares outstanding trading for $ 86.98per share, how much debt will Caterpillar have if it maintains a constant debt-equity ratio?
The amount of debt required in three years will be $nothing
billion.(Round to two decimal places.)
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