and Cooperton Mining stannounced it will out is divided Sum 352 35 perc dividends were expected to grow at 31% share price 10 Windows wedd 47% rate What share price would you expect to the chose goof investment? se The new price for Cooperton's stock will be 5 Round to the nearest cond) Help Cooperton Mining just announced it will cut its dividend from $3 86 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 3.1% rate, and its share price was $5103 With the planned expansion Cooperton's dividends are expected to grow at a 47% 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 $ (Round to the nearest cent)