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Caspian Sea Drinks needs to raise $87.00 million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of $2.55
Caspian Sea Drinks needs to raise $87.00 million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of $2.55 next year, which will grow at 3.81% forever and the cost of equity to be 11.21%, then how many shares of stock must CSD sell?
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