A financial company was expected to pay a dividend of $5 and investors expected no...
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Finance
A financial company was expected to pay a dividend of $5 and investors expected no growth in earnings/dividends with the share price at $30.
The company just announced it's investing in a Fintech platform which means they will cut their dividend to $2 and now investors expect growth in earnings/dividends to be 10% per year.
What will the share price be after the announcement?
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