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corporation mining just announced it will cut its dividend from 3.98 to 2.28$ per share and use the extra funds to expand. prior to the
corporation mining just announced it will cut its dividend from 3.98 to 2.28$ per share and use the extra funds to expand. prior to the announcement, coopertons dividends were expected to hrlw at a 3.5% rate, and its share prive was 49.94$. with the planned expansion, coopertons dividends are expecred to grow at a 4.8% rate. what share prive would you expect after the announcement?(asshme that the ne expansion does not change the coopertons risk) is the expansion a good investment? tne new price for coopertons stock will be?
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