Suppose Caterpillar, Inc., has 671 million shares outstanding with a share price of $72.97, and $25.71 billion in debt. If in three years, Caterpillar has 700 million shares outstanding trading for $83.96 per share, how much debt will Caterpillar have if it maintains a constant debt-equity ratio? Question content area bottom Part 1 The amount of debt required in three years will be $enter your response here billion. (

Suppose Caterpillar, Inc., has 671 million shares outstanding with a share price of $72.97, and $25.71 billion in debt. If in three years, Caterpillar has 700 million shares outstanding trading for $83.96 per share, how much debt will Caterpillar have if it maintains a constant debt-equity ratio? Question content area bottom Part 1 The amount of debt required in three years will be $enter your response here billion. (

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)

8th Edition

ISBN:9781285065137

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter8: Risk And Rates Of Return

Section: Chapter Questions

Problem 6DQ

See similar textbooks

Question content area bottom

Part 1

The amount of debt required in three years will be

$enter your response here

billion. (

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