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Caspian Sea Drinks needs to raise $24.00 million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of $1.28

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Caspian Sea Drinks needs to raise $24.00 million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of $1.28 next year, which will grow at 4.87% forever and the cost of equity to be 13.75%, then how many shares of stock must CSD sell? Attempts Remaining: Infinity Answer format: Number: Round to: 0 decimal places. Suppose the risk-free rate is 2.25% and an analyst assumes a market risk premium of 5.84%. Firm A just paid a dividend of $1.25 per share. The analyst estimates the of Firm A to be 1.46 and estimates the dividend growth rate to be 4.39% forever. Firm A has 276.00 million shares outstanding. Firm B just paid a dividend of $1.97 per share. The analyst estimates the of Firm B to be 0.76 and believes that dividends will grow at 2.84% forever. Firm B has 195.00 million shares outstanding. What is the value of Firm A? Attempts Remaining: Infinity Answer format: Currency: Round to: 2 decimal places

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