Business, 17.02.2020 01:27 mamaDee5919

Cooperton Mining just announced it will cut its dividend from $ 4.03 to $ 2.69 per share and use the extra funds to expand. Prior to the announcement, Cooperton's dividends were expected to grow at a 3.4 % rate, and its share price was $ 49.35. With the planned expansion, Cooperton's dividends are expected to grow at a 4.6 % 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 $ nothing. (Round to the nearest cent.) Is the expansion a good investment?

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Cooperton Mining just announced it will cut its dividend from $ 4.03 to $ 2.69 per share and use the...

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