in Cooperton Mining just announced it will cut its dividend from $4.18 to $2.49 per share and so the extra funds to expa

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In Cooperton Mining Just Announced It Will Cut Its Dividend From 4 18 To 2 49 Per Share And So The Extra Funds To Expa 1 (22.66 KiB) Viewed 93 times

in Cooperton Mining just announced it will cut its dividend from $4.18 to $2.49 per share and so the extra funds to expand. Prior to the announcement, Cooperton's dividends were expected to grow at a 3.5% rate, and its share price was $50.19. With the planned expansion, Cooperton's dividends are expected to grow at a 48% 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.) st a good investment.