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A stock just paid a dividend of $2.28. The dividend is expected to grow at 20.45% for three years and then grow at 3.25% thereafter.

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A stock just paid a dividend of $2.28. The dividend is expected to grow at 20.45% for three years and then grow at 3.25% thereafter. The required return on the stock is 11.21%. 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 $2.32 next year, which will grow at 4.40% forever and the cost of equity to be 13.30%, then how many shares of stock must CSD sell? Submit Answer format: Number: Round to: O decimal places

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