Coopertan Mising justannounced it wilf cut its dividend from $4.05 to $2.33 per thare and...
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Coopertan Mising justannounced it wilf cut its dividend from $4.05 to $2.33 per thare and use the extru fundu to expand. Prior to the anncuncenent, Coopertan's dividends were eupected to grow at a 3. 1\% rate, and is share price was $48.36. With the planned expanaion. Cooporton's divdends are eupocted to grow at a 4.6% tate. What share poce would you expect after the armouncement? (Assume that the rew expansion does not change Cooperton's risk.) is the expansion a good investinent? The new price for Coopentans stock will be 1 (Round to the nearest centi)
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