Question
#2 Caspian Sea is considering raising $19.00 million by issuing preferred stock. They believe the market will use a discount rate of 11.15% to value
#2 Caspian Sea is considering raising $19.00 million by issuing preferred stock. They believe the market will use a discount rate of 11.15% to value the preferred stock which will pay a dividend of $4.78. How many shares will they need to issue?
Answer format: Currency: Round to: 0 decimal places.
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Business Forecasting
Authors: John E. Hanke, Dean Wichern
9th edition
132301202, 978-0132301206
