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Business, 12.11.2019 04:31 christophers349

Jrn enterprises just announced that it plans to cut its dividend from $ 3.00$3.00 to $ 1.10$1.10 per share and use the extra funds to expand its operations. prior to this announcement, jrn's dividends were expected to grow at 55% per year and jrn's stock was trading at $ 24.00$24.00 per share. with the new expansion, jrn's dividends are expected to grow at 1010% 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

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Jrn enterprises just announced that it plans to cut its dividend from $ 3.00$3.00 to $ 1.10$1.10 per...
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