#21 Caspian Sea is considering raising $28.00 million by issuing preferred stock. They believe the market will...

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Caspian Sea is considering raising $28.00 million by issuing preferred stock. They believe the market will use a discount rate of 11.86% to value the preferred stock which will pay a dividend of $3.39. How many shares will they need to issue?

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Posted Date: May 18, 2024 01:11 PM

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#21 Caspian Sea is considering raising $28.00 million by issuing preferred stock. They believe the market will...

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