Caspian Sea is considering raising $15.00 million by issuing preferred stock. They believe the market...
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Caspian Sea is considering raising $15.00 million by issuing preferred stock. They believe the market will use a discount rate of 1257% to value the preferred stock which will pay a dividend of $2.08. How many shares will they need to issue? Submit Answer format: Currency: Round to: O decimal places
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