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Suppose Caterpillar Inc has 666 million shares outstanding with a share price of 7309 and 2441 billion in debt If in three years Caterpillar has 709 million shares outstanding trading for

Suppose Caterpillar, Inc., has 666 million shares outstanding with a share price of $73.09 and $24.41 billion in debt. If in three years, Caterpillar has 709 million shares outstanding trading for $86.62 per share, how much debt will Caterpillar have if it maintains a constant debt-equity ratio?

Jun 09 2021 View more View Less

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