Cooperton Mining just announced it will cut its dividend from $4 05 to $2 35 per share and use the extra funds to expand Prior to the announcement, Cooperton's dividends were expected to grow at a 3 3 rate, and its share price was $49 17 With the planned expansion, Cooperton's dividends are expect...

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Fundamentals of Corporate Finance

ISBN: 978-0132148238

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Authors: Berk, DeMarzo, Harford

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