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 $2.46 next year, which will grow at 4.65% forever and the cost of equity to be 10.24%, then how many shares of stock must CSD sell?
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Caspian Sea Drinks needs to raise $26.00 million by issuing additional shares of stock. If the marke...
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