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Caspian Sea is considering raising $29.00 million by issuing preferred stock. They believe the market will use a discount rate of 12.03% to value the
Caspian Sea is considering raising $29.00 million by issuing preferred stock. They believe the market will use a discount rate of 12.03% to value the preferred stock which will pay a dividend of $3.90. How many shares will they need to issue?
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
17th Edition
126001391X, 978-1260013917
