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Ps29 3 Caspian Sea Drinks needs to raise $73.00 million by issuing additional shares of stock. If the market estimates CSD will pay a dividend

Ps29 3

Caspian Sea Drinks needs to raise $73.00 million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of $1.39 next year, which will grow at 4.35% forever and the cost of equity to be 11.95%, then how many shares of stock must CSD sell?

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