Cooperton Mining just announced it will cut its dividend from $4.05 to $2.64 per share and use the extra funds to expand

[answerhappygod]

Cooperton Mining Just Announced It Will Cut Its Dividend From 4 05 To 2 64 Per Share And Use The Extra Funds To Expand 1 (44.68 KiB) Viewed 90 times

Cooperton Mining just announced it will cut its dividend from $4.05 to $2.64 per share and use the extra funds to expand. Prior to the announcement, Cooperton's dividends were expected to grow at a 3.3% rate, and its share price was $48.26. With the planned expansion, Cooperton's dividends are expected to grow at a 4.9% rate. What share price would you expect after the announcement? (Assume that the new expansion does not change Cooperton's risk.) Is the expansion a good investment? The new price for Cooperton's stock will be $[. (Round to the nearest cent.) Is the expansion a good investment? (Select from the drop-down menu.) a good investment.