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Cooperton Mining just announced it will cut its dividend from $4 01 to $2.61 per share and use the extra funds to expand Prior to

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Cooperton Mining just announced it will cut its dividend from $4 01 to $2.61 per share and use the extra funds to expand Prior to the announcement, Coopertos dividends were expected to grow at a 3.4% rate, and its share price was $49.13. With the planned expansion, Cooperton's dividends are expected to grow at a 48% rate. What share price would you expect after the announcement? (Assume that the new expansion does not change Cooperton's rik is the expansion a good investment? The new price for Cooperton's stock will be $(Round to the nearest cont.) Is the expansion a good investment? (Select from the drop-down menu.) a good investment Yes, it is No, it is not

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