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In 2013 Caterpillar Inc had about 655 million shares outstanding Their book value was $34 per share and the market price was $8700 per share The companyAccs balance sheet shows that the company

In 2013 Caterpillar Inc. had about 655 million shares outstanding. Their book value was $34 per share, and the market price was $87.00 per share. The companyAc€?cs balance sheet shows that the company had $18.7 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.)

  Book value   
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.)

  Market value  

Apr 29 2020 View more View Less

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