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.  ​(

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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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.  ​(
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