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Dubai Metro's stock price was at $ 9 5 per share when it announced that it will cut its dividend for next year from $

Dubai Metro's stock price was at $95 per share when it announced that it will cut its dividend for next year from $10 per share to So per share, with additional funds used for expansion. Prior to the dividend cut, Dubai Metro expected its dividends to grow at a 6 percent rate, but with the expansion, dividends are now expected to grow at 9 percent. How do you think the announcement will affect Dubai Metro's stock price?

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