Price = Dividend in 1 year/(cost of equity - growth rate) |
Price = 1.33/ (0.146 - 0.0306) |
Price = 11.53 |
Number of shares = amount to raise/price = 33000000/11.53
=
2862099 |
Caspian Sea Drinks needs to raise $33.00 million by issuing additional shares of stock. If the...
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