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Problem 13-15 Capital Structure (LO3) In 2018, Caterpillar Inc. had about 651 million shares outstanding. Their book value was $26.0 per share, and the market

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Problem 13-15 Capital Structure (LO3) In 2018, Caterpillar Inc. had about 651 million shares outstanding. Their book value was $26.0 per share, and the market price was $156.30 per share. The company's balance sheet shows that the company had $21.80 billion of long-term debt, which was currently selling near par value a. What was Caterpillar's book debt-to-value ratio? (Do not round Intermediate calculations. Enter your answer as a decimal rounded to 2 decimal places.) b. What was its market debt-to-value ratio? (Do not round Intermediate calculations. Enter your answer as a decimal rounded to 2 decimal places.) C. Which measure should you use to calculate the company's cost of capital? a. Book debt-to-value ratio b. Markoet debt-to-value ratio c. Measure

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