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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
In 2013 Caterpillar Inc. had about 648 million shares outstanding. Their book value was $27 per share, and the market price was $83.50 per share. The companyAc€?cs balance sheet shows that the company had $25.7 billion of long-term debt, which was currently selling near par value.
| a. |
What was CaterpillarAc€?cs book debt-to-value ratio? (Enter your answer as a decimal rounded to 2 decimal places. Do not round intermediate calculations.) |
| Â Â Book value | Â Â |
| b. |
What was its market debt-to-value ratio? (Enter your answer as a decimal rounded to 2 decimal places. Do not round intermediate calculations.) |
| Â Â Market value | Â |
Â
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