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Business, 12.11.2019 01:31 koranbutterton

Cooperton mining just announced it will cut its dividend from $4.22 to $2.63 per share and use the extra funds to expand. prior to the announcement, cooperton's dividends were expected to grow at a 3.1% rate, and its share price was $48.83. with the plannes expansion, cooperton's dividends are expected to grow at a 4.7% 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?

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Cooperton mining just announced it will cut its dividend from $4.22 to $2.63 per share and use the e...
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