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IVIUI Detalls #4 Caspian Sea is considering raising $19.00 million by issuing preferred stock. They believe the market will use a discount rate of 12.75%

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IVIUI Detalls #4 Caspian Sea is considering raising $19.00 million by issuing preferred stock. They believe the market will use a discount rate of 12.75% to value the preferred stock which will pay a dividend of $3.00. How many shares will they need to issue? Submit Answer format: Currency: Round to: 0 decimal places. unanswered not submitted #5

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