Sydney Trains share price was $10 when the company announced that it will cut next years dividend to $0.6 per share from $1 (the dividend just paid). It will use the savings to expand its network, and as a result, the growth in dividend is expected to accelerate to 7% from current value of 4%. How do you think the announcement will affect Sydney Trains share price? Hint: you need to calculate the new share price.