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The bros need to raise $35.00 million by issuing additional shares of stock. If the market estimates TB will pay a dividend of $2.06 next
The bros need to raise $35.00 million by issuing additional shares of stock. If the market estimates TB will pay a dividend of $2.06 next year, which will grow at 4.80% forever and the cost of equity to be 11.11%, then how many shares of stock must TB sell?
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