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a. Caspian Sea Drinks needs to raise $62.00 million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of

a. Caspian Sea Drinks needs to raise $62.00 million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of $1.32 next year, which will grow at 3.11% forever and the cost of equity to be 14.24%, then how many shares of stock must CSD sell?

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