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JRN Enterprises just announced that it plans to cut its next-year dividend, D1, from $2.50 to $1.50 per share and use the extre funds io expand is operalions. Prior io this arnouscement dipkn dividends were expected to grow at 4% per year and JRN's stock was trading at $26.00 per share. Wer the new exparision, JRN's dividends are expected to grow al b\% per yeer inchtintey Assuming that JRN's risk is unchanged by the expansion, the value of a share of JRN after the announcement is dosest lo. A. $15.60 B. $26.71 C. $44.52 D. $26.00