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Caspian Sea Drinks needs to raise $90.00 million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of $1.03
Caspian Sea Drinks needs to raise $90.00 million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of $1.03 next year, which will grow at 3.13% forever and the cost of equity to be 12.09%, then how many shares of stock must CSD sell? Submit Answer format: Number: Round to: 0 decimal places.
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