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Mike needs to raise $90.00 million by issuing additional shares of stock. If the market estimates mike will pay a dividend of $1.31 next year,
Mike needs to raise $90.00 million by issuing additional shares of stock. If the market estimates mike will pay a dividend of $1.31 next year, which will grow at 3.24% forever and the cost of equity to be 12.04%, then how many shares of stock must mike sell? round to 0 decimal places.
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