Solution-Constant debt-equity ratio

Constant debt-equity ratio

Reference no: EM131360680

Suppose Caterpillar, Inc., has 655 million shares outstanding with a share price of $ 72.06 and $ 25.67billion in debt. If in three years, Caterpillar has 702million shares outstanding trading for $ 86.98per share, how much debt will Caterpillar have if it maintains a constant debt-equity ratio?

The amount of debt required in three years will be $nothing billion.(Round to two decimal places.)

Reference no: EM131360680

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Constant debt-equity ratio : Suppose Caterpillar, Inc., has 655 million shares outstanding with a share price of $ 72.06 and $ 25.67billion in debt. If in three years, Caterpillar has 702million shares outstanding trading for $ 86.98per share, how much debt will Caterpillar h..

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Constant debt-equity ratio

Reference no: EM131360680

Reference no: EM131360680

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