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Caspian Sea Drinks needs to raise $77.00 million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of 51.90
Caspian Sea Drinks needs to raise $77.00 million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of 51.90 next year, which will grow at 3 27% forever and the cost of equity to be 14.63% then how many shares of stock must CSD sell? Submit Answer format: Number: Round to 0 decimal places
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