The risk-free rate is 2.60% and the market risk premium is 9.54%. A stock with a of 1.05 just paid a dividend of $2.63. The dividend is expected to grow at 21.89% for three years and then grow at 3.45% forever. What is the value of the stock?

The risk-free rate is 3.62% and the market risk premium is 5.09%. A stock with a of 1.57 just paid a dividend of $2.41. The dividend is expected to grow at 23.10% for five years and then grow at 3.59% forever. What is the value of the stock?

Caspian Sea Drinks needs to raise $26.00 million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of $2.86 next year, which will grow at 4.76% forever and the cost of equity to be 12.09%, then how many shares of stock must CSD sell?