Dubai Metro's stock price was at $$110$ per share when it announced that it will cut its dividend for next year from $$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 $5$ percent rate, but with the expansion, dividends are now expected to grow at $8$ percent. How do you think the announcement will affect Dubai Metro's stock price?

Ca$.$ What is the investor's required rate of return for Dubai Metro's stock?