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Caspian Sea Drinks needs to raise $53.00 million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of $1.72

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Caspian Sea Drinks needs to raise $53.00 million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of $1.72 next year, which will grow at 3.83% forever and the cost of equity to be 11.57%, then how many shares of stock must CSD sell? Submit Answer format: Number: Round to: 0 decimal places. Van Buren, Inc., currently pays $2.31 per share in dividends on its common stock Dividends are expected to grow at 6.00% per year forever. If you require a 14.00% rate of return (ie, the discount rate) on this investment, what value would you place on a share of Van Buren common stock? Assume that the current dividend was just paid. Submit Answer format: Currency: Round to: 2 decimal places

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