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Look back at Section 23 and then answer the following questions a The price of Estee Lauder stock has risen to $90 What is the market value of the firm s equity b The rating agency has revised

Look back at Section 2.3 and then answer the following questions: a. The price of Estee Lauder stock has risen to $90. What is the market value of the firm s equity? b. The rating agency has revised Catalytic Concept s bond rating to A. What interest rate, approximately, would the company now need to pay on its bonds? c. 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?
 

May 01 2020 View more View Less

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