learn.ug.edu.au myUQ University of Queens... Review Test Submission Mid Semester FINM1415-R-202052HD My Profile - University Queens Lectures - FINM14155,7060 66600 b. Zero-coupon bonos are sold at a price below par value c. None of the answers are correct. d. Zero-coupon bonds are valued using simple interest. e. Zero coupon bonds are sold at a price above par value. Question 17 O out of 1 points JRN Enterprises just announced that it plans to cut its dividend from $2.50 to $1.50 per share and use the extra funds to expand its operations. Prior to this announcement, JRN's X dividends were expected to grow at 4% per year and JRN's stock was trading at $25.00 per share. With the new expansion JRN's dividends are expected to grow at 8 per year indefinitely. Assuming that JRN's risk is unchanged by the expansion, the value of a share of JRN after the announcement is closest to Selected Answer: 0 a $27.50. Answers: a. $27.50 b. $15.00 c. $20.00 d. $25.00 e. $31.25