How much debt will caterpillar have if it maintains a


Suppose Caterpillar, Inc., has 658 million shares outstanding with a share price of $73.47, and $25.67 billion in debt. If in three years, Caterpillar has 708 million shares outstanding trading for $87.54 per share, how much debt will Caterpillar have if it maintains a constant debt-equity ratio?

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Financial Management: How much debt will caterpillar have if it maintains a
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