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(Common stock valuation)Dubai Metro's stock price was at $90 per share when it announced that it will cut its dividend for next year from $9

(Common stock valuation)Dubai Metro's stock price was at $90 per share when it announced that it will cut its dividend for next year from $9 per share to $5 per share, with additional funds used for expansion. Prior to the dividend cut, Dubai Metro expected its dividends to grow at a 4 percent rate, but with the expansion, dividends are now expected to grow at 7 percent. How do you think the announcement will affect Dubai Metro's stock price?

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