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NoGrowth Corporation currently pays a dividend of $0.56 per quarter, and it will continue to pay this dividend forever. What is the price per share of NoGrowth stock if the firm's equity cost of capital is 16.9%? .. The stock price is $ (Round to the nearest cent.) Cooperton Mining just announced it will cut its dividend from $3.96 to $2.63 per share and use the extra funds to expand. Prior to the announcement, Cooperton's dividends were expected to grow at a 3.3% rate, and its share price was $50.44. With the planned expansion, Cooperton's dividends are expected to grow at a 4.6% rate. What share price would you expect after the announcement? (Assume that the new expansion does not change Cooperton's risk.) Is the expansion a good investment? ... The new price for Cooperton's stock will be $ (Round to the nearest cent.) Maynard Steel plans to pay a dividend of $3.13 this year. The company has an expected earnings growth rate of 4.5% per year and an equity cost of capital of 10.6%. a. Assuming that Maynard's dividend payout rate and expected growth rate remain constant, and that the firm does not issue or repurchase shares, estimate Maynard's share price. b. Suppose Maynard decides to pay a dividend of $1.06 this year and use the remaining $2.07 per share to repurchase shares. If Maynard's total payout rate remains constant, estimate Maynard's share price. . a. Assuming that Maynard's dividend payout rate and expected growth rate remain constant, and that the firm does not issue or repurchase shares, estimate Maynard's share price. Maynard's share price will be $ (Round to the nearest cent.)