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A stock just paid a dividend of $1.73. The dividend is expected to grow at 23.82% for three years and then grow at 3.52% thereafter.
A stock just paid a dividend of $1.73. The dividend is expected to grow at 23.82% for three years and then grow at 3.52% thereafter. The required return on the stock is 11.97%. What is the value of the stock? Submit Answer format: Currency: Round to: 2 decimal places. Caspian Sea Drinks needs to raise $79.00 million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of $1.49 next year, which will grow at 3.56% forever and the cost of equity to be 10.23%, then how many shares of stock must CSD sell? Submit Answer format: Number: Round to: O decimal places
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