#$1$

The risk$-$free rate is $3\mathrm{.}99\%$ and the market risk premium is $5\mathrm{.}04\%.$ A stock with a $$ of $0\mathrm{.}92$ just paid a dividend of $$2\mathrm{.}15.$ The dividend is expected to grow at $22\mathrm{.}13\%$ for three years and then grow at $3\mathrm{.}48\%$ forever. What is the value of the stock?

Answer format: Currency: Round to: $2$ decimal places.

The risk$-$free rate is $2\mathrm{.}87\%$ and the market risk premium is $6\mathrm{.}60\%.$ A stock with a $$ of $0\mathrm{.}99$ just paid a dividend of $$2\mathrm{.}11.$ The dividend is expected to grow at $23\mathrm{.}94\%$ for five years and then grow at $4\mathrm{.}48\%$ forever. What is the value of the stock?

Answer format: Currency: Round to: $2$ decimal places.

#$3$

Caspian Sea Drinks needs to raise $$42\mathrm{.}37$ million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of $$2\mathrm{.}36$ next year, which will grow at $4\mathrm{.}61\%$ forever and the cost of equity to be $14\mathrm{.}72\%,$ then how many shares of stock must CSD sell?

Answer format: Number: Round to: $0$ decimal places.