The risk$-$free rate is $2\mathrm{.}28\%$ and the market risk premium is $8\mathrm{.}88\%.$ A stock with a $$ of $1\mathrm{.}76$ just paid a dividend of $$2\mathrm{.}83.$ The dividend is expected to grow at $21\mathrm{.}64\%$ for three years and then grow at $3\mathrm{.}68\%$ forever. What is the value of the stock?

Answer format: Currency: Round to: $2$ decimal places.

#$2$

The risk$-$free rate is $2\mathrm{.}58\%$ and the market risk premium is $9\mathrm{.}99\%.$ A stock with a $$ of $1\mathrm{.}05$ just paid a dividend of $$1\mathrm{.}67.$ The dividend is expected to grow at $20\mathrm{.}94\%$ for five years and then grow at $5\mathrm{.}00\%$ forever. What is the value of the stock?

Answer format: Currency: Round to: $2$ decimal places.

Caspian Sea Drinks needs to raise $$47\mathrm{.}00$ million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of $$1\mathrm{.}92$ next year, which will grow at $4\mathrm{.}96\%$ forever and the cost of equity to be $14\mathrm{.}45\%,$ then how many shares of stock must CSD sell?

Answer format: Number: Round to: $0$ decimal places.

$$Please use a financial calculator for each part.