Consider the table given below to answer the first question (Shares and market v
ID: 2797367 • Letter: C
Question
Consider the table given below to answer the first question (Shares and market values in millions.):
The rating agency has revised Catalytic Concept’s bond rating to AAA (Use Table_2.2). What interest rate, approximately, would the company now need to pay on its bonds? (Enter your answer as a percent rounded to 2 decimal places.)
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 given below to answer the first question (Shares and market values in millions.):
Explanation / Answer
The price of Estée Lauder stock has risen to $90
Market value of the firm’s equity =No. of Shares Outstanding * New share Price
Market value of the firm’s equity = 492,250,000 * $90 = $44,302,500,000
Market value of the firm’s equity = $44.303 Billions
For other 2 questions data is not available