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Why are you saying 25.2 * 100 in your Chegg solution? isnt the right answer = 0,158%? Capital Structure. In 2015, Caterpillar Inc. had about

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Why are you saying 25.2 * 100 in your Chegg solution? isnt the right answer = 0,158%?

Capital Structure. In 2015, Caterpillar Inc. had about 582 million shares outstanding. Their book value was $27.30 per share, and the market price was $71.50 per share. The company's balance sheet shows that the company had $25.2 billion of long-term debt, which was currently selling near par value. a. What was Caterpillar's book debt-to-value ratio? b. What was its market debt-to-value ratio? c. Which of these two measures should you use to calculate the company's cost of capital

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