JRN Enterprises just announced that it plans to cut its next-year dividend, D. from $2.75 to $1.20 per share and use the

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answerhappygod
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JRN Enterprises just announced that it plans to cut its next-year dividend, D. from $2.75 to $1.20 per share and use the

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Jrn Enterprises Just Announced That It Plans To Cut Its Next Year Dividend D From 2 75 To 1 20 Per Share And Use The 1
Jrn Enterprises Just Announced That It Plans To Cut Its Next Year Dividend D From 2 75 To 1 20 Per Share And Use The 1 (20.56 KiB) Viewed 79 times
JRN Enterprises just announced that it plans to cut its next-year dividend, D. from $2.75 to $1.20 per share and use the extra funds to expand its operations. Prior to this announcement, JRN's dividends were expected to grow at 4% per year and JRN's stock was trading at $24.00 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 O A $16.09 OB. $10.47 OC. $24.00 OD. $36.87
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