Question: Caspian Sea Drinks needs to raise $ 5 5 . 0 0 million by issuing additional shares of stock. If the market estimates CSD will

Caspian Sea Drinks needs to raise $55.00 million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of $1.55 next year, which will grow at 3.69% forever and the cost of equity to be 11.49%, then how many shares of stock must CSD sell?
Answer format: Number: Round to: 0 decimal places.
Caspian Sea Drinks needs to raise $55.00 million by issuing additional

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