The table shown below to answer the question posed in part a. Parts b and c are independent of the given table. Callaway Golf (ELY) Alaska Air Group (ALK) Yum! Brands (YUM) Caterpillar Tractor (CAT) Microsoft (MSFT) Number of Share (millions) 27.30 Stock Price 94.2 x 123.7 301.7 543.3 7,560 x 50.70 103.07 x x 186.66 242.12 Market Capitalization (5 millions) $2,572 $ 6,272 $31,096 $101,412 $ 1,830,427 a. The price of Yum! Brands stock has risen to $180. 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 A (use Table 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 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? a. Market value $ 1,994,988 3.8 % c. Which one sells? A farmer b. Interest rate Credit Rating Interest Rate AAA AA 1.6% 1.6 A 1.7 BBB 2.4 BB 4.2 B 5.6