Determine the share price of cooperton mining

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Cooperton Mining just announced it will cut its dividend from $3.81 to $2.53 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 $50.67. With the planned? expansion, Cooperton's dividends are expected to grow at a 4.6% 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?

Reference no: EM132910783

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