Caspian Sea Drinks needs to raise $70.00 million by issuing additional shares of stock. If...
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Caspian Sea Drinks needs to raise $70.00 million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of $2.40 next year, which will grow at 4.20% forever and the cost of equity to be 14.80%, then how many shares of stock must CSD sell?
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