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Question 3 O pts Problem B Investors expected Alpha Corp.'s next dividend (after one year) to be $5.1. The dividends were expected to grow at
Question 3 O pts Problem B Investors expected Alpha Corp.'s next dividend (after one year) to be $5.1. The dividends were expected to grow at the rate of 3.3% per year forever. The share price was $58. A major industry news changes these expectations. The next dividend is now expected to be $4.1 and dividends are expected to grow at the rate of 2.7% per year. What is the new share price? Assume the cost of capital does not change. [10 points] Question Code: 2,618 Ignore the box below. Use the space in the following question to type your
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