Cooperton Mining just announced it will cut its dividend from $3.79 to $2.26 per share and use the extra funds to expand. Prior to the announcement, Cooperton's dividends were expected to grow at a 3.5% rate, and its share price was $50.92. With the planned expansion, Cooperton's dividends are expected to grow at a 4.6% ra 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.) Is the expansion a good investment? (Select from the drop-down menu.) a good investment.

Cooperton Mining just announced it will cut its dividend from $3 70 to $226 per share and use the extra funds to expand Prior to the announcement Cooperton's dividends were expected to grow at a 3.5% rato, and its share price was $50.02 With the planned expansion, Coopertorre dividends me expected to grow at 4 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) Is the expansion a good investment? (Select from the drop-down menu) a good investment