Question: cooperton mining just announced it will cut its dividend from 3.96$ to 2.72$ per share and use tbe extra funds to expand. prior to the

cooperton mining just announced it will cut its dividend from 3.96$ to 2.72$ per share and use tbe extra funds to expand. prior to the announcement, coopertone dividents were expected to grow ar a 3.5% rate, and its share price was 48.56$. with the planned expansion,coopertons dividends are expected to grow at a 4.9% raye. what share price would you expect after the announcement? (assume that the new expansion does no change coopertons risk) is the expansipn a good investmenr?
the new prove for the coopertons stock will be_$ round to the narest cent?
is tbe expansion a good investment?
_ a good investment

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!