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Suppose Caterpillar, Inc., has 659 million shares outstanding with a share price of $73.75, and $24.81 billion in debt. If in three years, Caterpillar
Suppose Caterpillar, Inc., has 659 million shares outstanding with a share price of $73.75, and $24.81 billion in debt. If in three years, Caterpillar has 709 million shares outstanding trading for $87.24 per 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 $ billion. (Round to two decimal places.)
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
12th edition
978-0324597714, 324597711, 324597703, 978-8131518571, 8131518574, 978-0324597707
