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Please show your work. Caspian Sea Drinks needs to raise $20.00 million by issuing additional shares of stock. If the market estimates CSD will pay
Please show your work.
Caspian Sea Drinks needs to raise $20.00 million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of $1.05 next year, which will grow at 4.54% forever and the cost of equity to be 11.41%, then how many shares of stock must CSD sell? Submit Answer format: Number: Round to: O decimal placesStep by Step Solution
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