The price of Yum! 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.

The rating agency has revised Catalytic Concepts$$ bond rating to AAA $($use Table $2\mathrm{.}2).$ 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.

A farmer and a meatpacker use the commodity markets to reduce their risk. One agrees to buy live cattle in the future at a fixed price, and the other agrees to sell. Which one sells?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 Yum! 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 Table $2\mathrm{.}2).$ 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 use the commodity markets to reduce their risk. One agrees to buy live cattle in the future at a fixed

price, and the other agrees to sell: Which one sells?