Business, 30.04.2021 22:20, 61497

A certain company just announced it will cut next year's dividends from $4 to $2.50 per share and use the extra funds to expand. Prior to the announcement, the company's dividends were expected to grow at a 4% rate, and its share price was $50. With the planned expansion, the company's dividends are expected to grow at a 6% rate. What share price (in dollars) would you expect after the announcement

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A certain company just announced it will cut next year's dividends from $4 to $2.50 per share and us...