Business, 20.10.2021 19:50 googoo4

Cooperton Mining just announced it will cut its dividend from $3.98 to $2.47 per share and use the extra funds to expand. Prior to the announcment, Cooperton dividends were expected to grow at a 3.2% rate, and its share was $48.15. With the planned 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 Coopertons risk.) Is the expansion a good investment? (Round to nearest cent)

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Cooperton Mining just announced it will cut its dividend from $3.98 to $2.47 per share and use the e...

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