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Caspian Sea Drinks needs to raise $67.00 million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of $2.78
Caspian Sea Drinks needs to raise $67.00 million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of $2.78 next year, which will grow at 3.36% forever and the cost of equity to be 12.66%, then how many shares of stock must CSD sell? (Round to 0 decimals)
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