Question
Caspian Sea Drinks needs to raise $69.00 million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of $1.86
Caspian Sea Drinks needs to raise $69.00 million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of $1.86 next year, which will grow at 4.04% forever and the cost of equity to be 10.34%, then how many shares of stock must CSD sell?
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Handbook Of The Economics Of Finance Volume 2A
Authors: George M. Constantinides, Milton Harris, Rene M. Stulz
1st Edition
0444535942, 978-0444535948
