Question
Caspian Sea Drinks needs to raise $48.00 million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of $1.98
Caspian Sea Drinks needs to raise $48.00 million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of $1.98 next year, which will grow at 3.32% forever and the cost of equity to be 14.33%, then how many shares of stock must CSD sell?
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Valuing An Entrepreneurial Enterprise
Authors: David B. Audretsch, Albert N. Link
1st Edition
0199730377, 978-0199730377
